Startup India Seed Fund Scheme SISFS0
केंद्र की योजनाएंBusiness & Entrepreneurship

Startup India Seed Fund Scheme (SISFS)

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

On February 5, 2021, the Government of India made an official announcement about the approval of SISFS. It has been approved for a period of four years and was implemented with effect from April 1, 2021. 

Overview of Startup India Seed Fund Scheme (SISFS) 

NameStartup India Seed Fund Scheme (SISFS) 
Launch year1 April 2021
Launched byGovernment of India
BudgetINR 945 Crore
EligibilityOver the age of 18 years
Objectiveto provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization
StatusActive
SectorCentral sector scheme
Official websitehttps://www.india.gov.in/spotlight/startup-india-seed-fund-scheme-sisfs

Objective and Benefits of Startup India Seed Fund Scheme (SISFS) 

DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization.It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years. 

External links

Commercialization

https://en.m.wikipedia.org/wiki/Commercialization

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