Startup India Seed Fund

Register as Participant

IIT Ropar (SISFS) Impact at a Glance

Applications
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Pitches
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Selected
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ISMC
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Fund Deployed
0 Cr+

Benefits For Startups

Mentoring Support

Technology Development

Corporate & Govt. Network

Extended Team

Lab Infrastructure & R&D Support

(20L)Grant / (50L)Equity
0 Lakhs

About SISFS

The need for Startup India Seed Fund Scheme

Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise.

Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants.

It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.

Objective of the scheme

Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.

Startup Funded by iHub - AWaDH

 List of Startup Funded by IIT Ropar (iHub – AWaDH) under Startup India Seed Fund: 

  1. Ares Systems Private Limited: Click here

    Skyflock Uaviation Private Limited: Click here

  2. Myna Hemp Private Limited: Click here

    Nanokriti Private Limited:  Click here

    Suspack Technologies LLP: Click here

    Skyka Technologies Private Limited: Click here

    Wawe Waste to Wealth Private Limited: Click here

    Youngovator Private Limited: Click here

    Axlemechanic Technologies Private Limited: Click here

Explore the profiles of 9 out of 32 startups funded by iHub-AWaDH under the Startup India Seed Fund Scheme. Profiles of the remaining startups will be updated soon.

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SISFS For Portal

Focus Area for IIT Ropar (iHub - AWaDH)

  • Agriculture Automation & Information systems
  • Livestock Health Monitoring & Management
  • Water Treatment & Conservation
  • Soil Assessment Processes
  • Hardware and Deeptech

Note: These terms are just for the overview, if you meet any of the criteria, do apply for the program.

Selection Procedure

Application

Submit your application online through the SISFS portal and select up to three participating incubators in order of preference.

Screening

Applications are screened by the respective incubators based on SISFS eligibility criteria and shortlisted for further evaluation.

ISMC Evaluation

Shortlisted startups present before the ISMC, which evaluates proposals based on innovation, feasibility, impact, team capability, and fund utilisation plans.

Due Diligence

The ISMC selects eligible startups for seed support, followed by due diligence and execution of the required legal agreement.

Funding

Seed funding is disbursed to selected startups through the incubator based on the applicable instrument and milestone-based conditions.

Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. Eligible startups can apply for the scheme on the Startup India portal. The Seed Fund will be disbursed to selected startups through eligible incubators across India.

A startup recognized by DPIIT, incorporated no more than 2 years ago at the time of application, is invited to apply for the scheme. Detailed eligibility criteria can be found at https://seedfund.startupindia.gov.in/about.
To get DPIIT-recognized, please visit https://www.startupindia.gov.in/content/sih/en/startupgov/startup-recognition-page.html

Seed Fund to an eligible startup by the incubator shall be disbursed as follows:

  1. * Up to Rs. 20 Lakhs as a grant for validation of Proof of Concept, or prototype development, or product trials. The grant shall be disbursed in milestone-based installments. These milestones can relate to prototype development, product testing, building a product ready for market launch, etc.
  2. *Up to Rs. 50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments.

    *A startup applicant can avail seed support in the form of a grant and debt/convertible debentures each once as per the guidelines of the scheme.

https://seedfund.startupindia.gov.in/faq