The Startup India Seed Fund Scheme (SISFS), initiated by DPIIT, aims to bridge funding gaps for early‑stage startups during proof‑of‑concept, prototype development, product trials, market entry, and commercialization phases.
Under the scheme, startups can access grants of up to ₹20 lakh for validating concepts, building prototypes, or conducting product trials. For subsequent stages like market entry, scaling, or commercialization, startups can receive up to ₹50 lakh through instruments such as convertible debentures or debt‑linked financing.
Eligible startups must be recognized by DPIIT, incorporated within the last two years, and have Indian promoters holding at least 51% equity. They should also have a scalable idea with commercial potential, ideally leveraging technology in their product, business, distribution, or processes.
Startups that have already received more than ₹10 lakh in monetary support from any Central or State Government scheme (excluding non‑monetary benefits like access to labs, subsidized workspace, or prize money) are not eligible.
Funds are disbursed via DPIIT-approved incubators in milestone‑based installments to ensure structured support and accountability.
