Startup India Seed Fund Scheme
AIC Raise Recognized Incubator by Startup India
Features Of Startup India Seed Fund Scheme:
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
Pitch Deck & Application Screening The AIC-BIMTECH team evaluates Pitch Decks and applications and selects startups for the next round of evaluation.
Presentation before AIC- BIMTECH Team Shortlisted startups are evaluated by Incubator's, review panel via a mock pitching event.
Final Presentation before ISMC In the final round of evaluation, shortlisted startups present before ISMC.
Selection Startups recommended by ISMC are selected for funding.
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