fuel your innovations
SISFS aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions and secure the foundation of their startup needs to thrive and make a lasting impact.
The Startup India Seed Fund Scheme (SISFS) is a transformative initiative launched by the Government of India to provide financial assistance to early-stage startups and nurture innovation across the country. Aimed at empowering budding entrepreneurs, SISFS addresses the critical funding gap at the ideation and prototype development stage, ensuring that promising ideas receive the support they need to become successful businesses.
Who It Is For ?
The Startup India Seed Fund Scheme (SISFS) is designed for early-stage startups in India that are recognized by the Department for Promotion of Industry and Internal Trade (DPIIT). It targets startups that have been incorporated not more than two years ago, helping them bridge the funding gap for activities such as proof of concept, prototype development, product trials, and market entry. The scheme is sector-agnostic, focusing on supporting innovative solutions that can drive economic growth and societal impact.
What to Expect ?
SISFS offers seed funding to startups to help them with proof of concept, prototype development, product trials, market entry, and commercialization.
The scheme works through a network of approved incubators across India, ensuring that startups receive not just financial support but also mentoring, industry connections, and infrastructure facilities.
SISFS offers grant-in-aid to early-stage startups, providing crucial financial support for prototype development, product trials, and market entry.
SISFS startups invaluable mentorship from experienced industry professionals to help them to navigate challenges, refine their business models, and accelerate their journey towards market success.
Encourages innovation across various sectors, with a special emphasis on projects that create social impact and address critical issues.
Application Process
1
Apply for the program using the application form attached here
2
We will then reach out to you for a conversation to understand more about you and your startup idea
3
Post this, you will get the opportunity to pitch your business idea to the NGI Incubator Team