Startup India Seed Fund Scheme (SISFS) – Through FITT IIT Delhi
FITT-IIT Delhi and AIC-IITD
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Scheme Details In Depth
SISFS offers up to ₹20 lakhs grant for proof-of-concept validation, prototype development, and product trials, plus up to ₹50 lakhs investment via convertible debentures or debt for market entry, commercialization, and scaling. Funds are disbursed milestone-wise through approved incubators like FITT-IIT Delhi and AIC-IITD.
Purpose and Impact
Launched by DPIIT under Startup India, SISFS bridges early-stage funding gaps, enabling 3,600 startups via 300+ incubators over 4 years. It supports tech-driven innovations with market potential, fostering commercialization without diluting equity heavily. Over 160 incubators approved, empowering DPIIT-recognized startups nationwide.
Key Benefits
Non-dilutive grants for PoC/prototype (milestone-based)
Debt/convertible options for scaling (up to 5-year term, 12-month moratorium)
Access to incubator mentorship, facilities, and networks
Rolling applications via online portal; select up to 3 incubators
45-day selection post-application
Short paragraphs aid readability. Startups submit pitch decks, business plans; focus on innovation, team, scalability. Su
Additional Information
≥51% Indian promoter shareholding
Tech in core product/service/business model
Business idea with market-fit, scalability, commercialization potential
No prior >₹10 lakhs government equity funding
Not listed/IPO-subsidiary; revenue ≤₹100 crore
Apply via up to 3 approved incubators
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