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Startup India Seed Fund Scheme (SISFS)
Department for Promotion of Industry and Internal Trade (DPIIT)
The Startup India Seed Fund Scheme helps new startups get early funding so they can turn ideas into real products and grow, filling the gap when they typically struggle to find initial investment. Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialisation. Through this funding support, startups 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
📍 IndiaEquity
Who can apply
DPIIT recognised startups. • Incorporated not more than 2 years ago at the time of application. • Startup must have a business idea to develop a product or a service with market fit, viable commercialisation, and scope of scaling. Startup should be using technology in its core product or service, or business model. • Startup should not have received more than ₹10 lakh of monetary support under any other Central or State Government scheme
How to prepare
Visit https://seedfund.startupindia.gov.in/ to apply. Disbursals are ongoing.
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