We are excited to announce that our incubation center has recently received funding of 3 crore from the Department for Promotion of Industry and Internal Trade (DPIIT) under the Startup India Seed Fund Scheme.

The Startup India Seed Fund Scheme has been introduced to address the need for easy availability of capital for the budding entrepreneurs during the early stages of enterprise growth. Often, startups face challenges in obtaining funding from angel investors, venture capital firms, or banks, as they require proof of concept or asset-backed applicants. Most of the entrepreneurs are lost in this battle to find funding. Had they got the funding at this crucial phase, they might have grown and become successful entrepreneurs. Therefore, seed funding plays a crucial role in enabling startups to stand on their feet, survive, and grow with innovative ideas to conduct proof of concept trials.

Startups can avail grant upto INR 20 Lacs and loan upto INR 50 lacs. Further information and other details about the scheme are available on the SISFS website: https://seedfund.startupindia.gov.in