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Start-up India Seed Fund Scheme (SISFS)

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COVID-19 Response: Local Logistics     National Effort

Start-up India Seed Fund Scheme (SISFS)

C-CAMP has partnered with DPIIT for the disbursement of Start-up India Seed Fund Scheme (SISFS) to provide financial assistance to start-ups for Proof of Concept, prototype development, product trials, market entry, and commercialization. The scheme is positioned to provide a financial cushion among Indian start-ups that suffer from capital inadequacy in the seed and ‘Proof of Concept’ development stage.

Investment:

  • Up to Rs. 20 Lakhs as grant for validation of Proof of Concept, or prototype development, or product trials disbursed in milestone-based instalments.
  • Up to Rs. 50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments
  • A start-up applicant can avail seed support in the form of grant and / or debt/convertible debentures each once as per the guidelines of the scheme

Eligibility:

  • Start-up should be recognised by DPIIT and not be more than 2 years old. Individual entrepreneurs are ineligible for this scheme.
  • Start-up should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme.
  • Shareholding pattern should be at least 51% by Indian promoters
  • Start-up should have a business model and have a sound commercialization strategy and road map to the market
  • Innovative solutions in sectors such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defence, space, railways, oil and gas, textiles are preferred
  • A start-up applicant can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme.

Selection Criteria:

  • There is no minimum education qualification required for founders to apply for SISFS.
  • Detailed eligibility criteria can be found at https://seedfund.startupindia.gov.in/about
  • Private Limited Company or Registered Partnership Firm or Limited Liability Partnership can apply. A sole proprietorship or a public limited company is not eligible as start-up.
  • If its turnover of the start-up for any of the financial years has not exceeded INR 100 crore
  • Start-up should not have been formed by splitting up or reconstruction of a business already in existence.

Apply at: https://www.startupindia.gov.in/content/sih/en/registration.html

For DPIIT recognition: https://www.startupindia.gov.in/content/sih/en/startupgov/startup-recognition-page.html

Contact us:

For further info please contact: sisfs@ccamp.res.in; +91-80-67185055

Centre for Cellular and Molecular Platforms, NCBS-TIFR, GKVK, Bellary Road, Bangalore 560065, India