STARTUP INDIA SEED FUND SCHEME

Startup India seed fund scheme

What is Startup India Seed Fund Scheme

SISFS is a scheme to provide financial assistance upto 70 lakhs to startups for proof of concept, prototype development, product trials, market-entry, and commercialization .

Features of Startup India Seed Fund Scheme

  1. Year-round ‘Call for Applications’ for Incubators and Startups
  2. Sector-agnostic
  3. No mandatory physical incubation
  4. PAN-India startup programme
  5. Startups can apply to 3 incubators simultaneously
  6. Upto 50 lakhs loan at 4% interest rate for 5 years tenure
  7. Grants up to 20 lakhs

Eligibility Criteria 

  • A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
  • The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling.
  • The startup should be using technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.
  • Preference would be given to startups creating innovative solutions in sectors such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defence, space, railways, oil and gas, textiles, etc.
  • Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working space, founder monthly allowance, access to labs, or access to prototyping facility.
  • 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 Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.
  • A startup applicant can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme.

Documents Required

  • MOA
  • AOA
  • CERTIFICATE OF INCOPORATION
  • PAN CARD OF THE COMPANY AND ALL THE DIRECTORS
  • AADHAR CARD OF ALL THE DIRECTORS
  • DPIIT STARTUP INDIA RECOGNITION CERTIFICATE 
  • PITCH DECK
  • FINANCIAL PROJECTIONS AND PROJECT REPORT

WHY TO CHOOSE DARP CAPITAL ?

  • ZERO consultancy fee.
  • DPIIT recognition certificate application market rate – Minimum RS 5000 || OUR RATE is RS 2000/- ONLY 
  • PITCH DECK preparation market rate – Minimum Rs 15,000 + GST EXTRA, ||  OUR RATE is RS 6000/- GST included.
  • Only DARP CAPITAL provides Mock Presentation sessions so that you are well prepared in front of the incubators.
  • Our team is a pool of expert individuals, dedicated to the STARTUP INDIA SEED FUND SCHEME.
  • Dedicated Relationship Manager who will be available 24 x 7 only for you.
  • We guarantee satisfaction
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