Fueling the MVP Stage
The Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.
Eligibility Checklist
- Must be recognized by DPIIT.
- Must be incorporated less than 2 years ago.
- Must have a scalable business model utilizing technology in its core product.
- Foreign holding must not exceed 49%.
The Application Route
Startups must apply via the official portal, selecting up to three incubators. Once the pitch is approved by the Incubator Seed Management Committee (ISMC), the funds are disbursed in tranches mapped to specific milestones.