QUALITY & STATUTORY ACCREDITATION

SEED Funding

Startup India Seed Fund Scheme (SISFS)

The Startup India Seed Fund Scheme (SISFS) provides financial assistance to early-stage startups for proof of concept, prototype development, product trials, market entry, and commercialization — without requiring them to dilute significant equity.

Overview

What You Need to Know

What it is: SISFS is a government-backed seed funding initiative under the Startup India programme. It provides grants and soft loans of up to ₹20 lakhs for proof of concept / prototype stage, and up to ₹50 lakhs for market entry / commercialization — disbursed through empanelled DPIIT-recognized incubators.

Why it matters: Early-stage startups often face a "funding gap" — too early for institutional investors, but needing capital to build a working product. SISFS fills this gap with government-backed, low-dilution capital.

What You Get with Growthora

Eligibility assessment for SISFS based on startup stage and incubator requirements

Guidance on selecting appropriate empanelled incubators

Application preparation support

Business plan and documentation advisory

Pitch preparation guidance for incubator evaluation

Post-approval onboarding and compliance guidance

Eligibility Criteria

Must hold a valid DPIIT Startup India Recognition Certificate at the time of application

Incorporated not more than 2 years ago (at time of SISFS application to incubator)

Must not have received more than ₹10 lakhs of monetary support from any other Central or State government scheme

Must have a business idea with a clear product/service and social impact / scalability potential

Promoters must be Indian citizens above 18 years of age

At least one woman founder (preferred by many empanelled incubators, though not mandatory in all cases)

Documents Required

Checklist prepared and verified prior to audit submission:

DPIIT Recognition Certificate

Certificate of Incorporation

Detailed Business Plan / Pitch Deck

Proof of prototype or concept (if available)

KYC of founders (PAN + Aadhaar)

Bank account details of the entity

Details of any previous government funding received

Aadhaar-linked bank account for fund disbursal

Certification & Audit Process

DPIIT Recognition Confirmation

Ensure DPIIT recognition is in place (prerequisite).

Eligibility & Stage Assessment

Confirm startup stage, age, and prior funding eligibility.

Incubator Identification

Identify suitable SISFS-empanelled incubators relevant to your sector.

Business Plan & Pitch Preparation

Prepare a compelling business plan, financial projections, and pitch.

Incubator Application

Apply to selected empanelled incubator with required documentation.

Incubator Evaluation

Incubator committee reviews, may interview, and selects applicants.

Fund Disbursal

Upon selection, funds are disbursed in agreed tranches per milestones.

Frequently Asked Questions

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