Startup India Seed Fund Scheme: Who Qualifies and What You Get
Learn how early-stage startups in India can access grants and debt to fund their prototype development and proof of concept.
The Startup India Seed Fund Scheme is designed to provide financial support to early-stage companies that need to prove their business idea works.
Who it's for
This scheme is for early-stage startups that need funding to develop a prototype or to prove their business concept is viable.
What you get
You can receive grants of up to ₹20 lakhs to help with initial development. Additionally, the scheme offers debt or convertible debentures of up to ₹50 lakhs to support your business growth.
What it costs you
There is no direct fee mentioned, but you must invest time into creating and presenting a solid business plan. You will also need to navigate the application process through specific partner organizations.
The catch to know
You cannot apply to the government directly for this money. All funding is routed through incubators, which means you must be associated with an incubator to participate.
How to apply
- Find an incubator that is part of the scheme.
- Prepare a detailed business plan and proof of your concept or prototype.
- Submit your application through the incubator.
- Visit the official portal for more details: https://seedfund.startupindia.gov.in