Startup India Seed Fund Scheme’s main Objective Is to Provide Seed Fund to Prototype Ready Startups.
The Fund Is Positioned to act as a bridge between Prototype and Commercialization Stage for Young Startups.
A startup recognised by the DPIIT and incorporated or registered not older than two years
at the time of filing an application.
Startups should have a business idea to develop a service or product with viable
commercialisation, market fit and scope of scaling.
Startups must use technology in their core service, product, distribution model, business
model or methodology to solve the targeted problem.
Startups that have received more than Rs.10 lakh of monetary support under any Central
or State Government scheme are not eligible under this scheme. This amount does not
include subsidised working space, prize money from competitions and grand challenges,
access to labs, founder monthly allowance or access to prototyping facility.
The shareholding of an Indian promoter in a startup must be at least 51% at the time of
application to the incubator as per the Companies Act, 2013 and SEBI (ICDR)
Regulations, 2018.
A startup can obtain seed support in the form of grants and convertible/debt debentures,
each one according to the scheme guidelines.
Incubation Support/Services
Technical expertise, business mentorship and IP facilitation support
World-class office space
State-of-art fab lab and rapid prototyping facilities.
Access to SRiX startup ecosystem and workshops regarding entrepreneurship in SRiX.
Networking & Connections.
Further funding/incubation support after the prototyping stage.“SRiX- The launchpad for your successful startup”
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