Startup India Seed Fund
About the program
The program aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. The seed fund will be disbursed to eligible startups through eligible incubators such as Villgro.
Incentives
Focus Areas
Waste management
Water management
Climate-smart agriculture
Healthcare
Climate action
Eligibility Criteria
Startups must be recognized by DPIIT (Department for Promotion of Industry and Internal Trade) and be less than 2 years old.
The startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme.
Startups must have a business idea to develop a product or a service with market fit, viable commercialization, and scope for scaling.
Startup must use technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.
Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme, as per the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
Preference for startups working in the mentioned focus areas
