The Startup India Seed Fund Scheme (SISFS) is an initiative by the Government of India to provide financial assistance to early-stage startups for innovation and growth. Startups that have completed the Startup India registration process and hold a Startup India Certificate are eligible to apply.
This scheme provides seed funding to startups to cover essential expenses like prototype development, product trials, market entry, and commercialization. It aims to bridge the funding gap at the early stages where startups struggle to attract investors.
Eligibility for SISFS:
- The startup must be recognized under the Startup India Registration Process.
- It should not be more than 2 years old at the time of application.
- The startup must h
ave a viable business idea focusing on innovation and scalability.
Key Features:
- Funding up to ₹50 lakh is provided in stages, ensuring startups get timely support.
- The scheme is sector-agnostic, encouraging innovation across industries.
By completing the Startup Registration, startups can unlock access to seed funds, tax benefits, mentorship, and other government support to fuel their growth. This scheme is a lifeline for startups aiming to turn their ideas into successful businesses.
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