Startup Seed Funding
The Startup India Seed Fund Scheme (SISFS), launched by the Government of India, provides financial assistance of up to ₹20 lakhs to eligible startups for proof-of-concept, prototype development, product trials, and market entry.
This initiative aims to help early-stage entrepreneurs turn innovative ideas into viable businesses and bridge the crucial gap between idea conceptualization and market-ready stage.
What is Startup India Seed Funding?
The Startup India Seed Fund Scheme (SISFS) is a government-backed initiative that supports startups recognized under the DPIIT (Department for Promotion of Industry and Internal Trade).
Under this scheme:
-
Startups can receive up to ₹20 lakhs as grant support for prototype development, product trials, and market validation.
-
In some cases, up to ₹50 lakhs can be provided as investment support for scaling operations through convertible debentures or debt instruments.
-
The funds are disbursed through approved incubators across India that evaluate, shortlist, and monitor eligible startups.
This scheme empowers entrepreneurs to develop innovative solutions and reduce dependency on early private investors.
Advantages of Government Seed Funding
-
Financial Support up to ₹20 Lakhs for product development, testing, and validation.
-
Encourages Innovation by supporting technology-driven and problem-solving startups.
-
Mentorship through Incubators to guide startups in business planning and scaling.
-
Non-Equity Based Funding — funds are offered as grants, meaning you don’t dilute ownership.
-
Government Credibility — recognition under a central program boosts investor and customer trust.
Eligibility Criteria for Seed Funding (as per SISFS)
To be eligible under the Startup India Seed Fund Scheme, a startup must:
-
Be recognized by DPIIT under the Startup India initiative.
-
Be incorporated for less than 10 years at the time of application.
-
Have a business idea focused on innovation, development, or improvement of a product/process/service with market potential.
-
Have a prototype or proof of concept ready (idea-stage startups are not eligible).
-
Not have received more than ₹10 lakh in funding under any other government scheme.
-
Use the funding only for prototype development, product trials, market entry, or commercialization.
Why Expert Guidance Matters
While the funding is government-backed, the application process is highly competitive and requires accurate documentation, pitch decks, and incubator presentations.
Professional assistance helps you:
-
Identify suitable incubators for your sector.
-
Prepare compelling funding proposals and business plans.
-
Ensure eligibility compliance under Startup India norms.
-
Handle funding agreements, NDAs, and post-grant reporting.
Having expert guidance increases your chances of approval and fund release significantly.
Why Choose Us
At CorpBuddy, we specialize in helping startups apply for the ₹20 Lakh Seed Fund Scheme under the Startup India initiative.
Our team of lawyers, company secretaries, and startup advisors provides:
-
DPIIT Registration Assistance
-
Seed Fund Application Support
-
Pitch Deck and Business Plan Preparation
-
Coordination with Incubators and Government Authorities
