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)
| Name | Startup India Seed Fund Scheme (SISFS) |
| Launch year | 1 April 2021 |
| Launched by | Government of India |
| Budget | INR 945 Crore |
| Eligibility | Over the age of 18 years |
| Objective | to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization |
| Status | Active |
| Sector | Central sector scheme |
| Official website | https://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
