Features Of Startup India Seed Fund Scheme:
- Lead Partners: Startup India - DPIIT, Ministry of Commerce and Industry Startups Evaluated.
- Eligibility: A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application. Startups should not have received more than Rs. 10 lakh of monetary support under any other Central or State Government scheme.
- SECTORS: Sector Agnostic.
- Funding Options: Grant: Up to Rs. 20 Lakhs for the pilot, or prototype development. Investment: Up to Rs. 50 Lakhs for market entry, commercialization, or scaling up.
- Investment Instrument: Compulsorily Convertible Debentures.
An Initiative To Spur Entrepreneurship Across India
Startup India and Invest India selected Atal Incubation Centre- AIC Raise for the Startup India Seed Fund Scheme. Under this scheme, AIC Raise has been allocated 4 crores for financial assistance to early-stage startups. The Startup India Seed Fund Scheme, launched by the Department for Promotion of Industry and Internal Trade (DPIIT) with an Rs. 945 Crore outlay, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. It is expected to aid in the development of a robust startup ecosystem in Tier 2 and 3 regions, as the startups in the smaller towns in India are often not provided with appropriate funding.
Startup Selection Process
Screening
Pitch Deck & Application Screening The AIC-BIMTECH team evaluates Pitch Decks and applications and selects startups for the next round of evaluation.
Review Panel
Presentation before AIC- BIMTECH Team Shortlisted startups are evaluated by Incubator's, review panel via a mock pitching event.
ISMC
Final Presentation before ISMC In the final round of evaluation, shortlisted startups present before ISMC.
Funding
Selection Startups recommended by ISMC are selected for funding.
Invested Portfolio
Application Progress
- Visit Startup India Website.
- Create your account as a startup
- Fill in all necessary details and choose AIC Raise as the preferred incubator.
- Relax! we will start your process to get funding.
