Startup India Seed Fund Scheme (SISFS)
The Startup India Seed Fund Scheme (SISFS) provides early-stage financial support to DPIIT-recognized startups for proof of concept, prototype development, and commercialization. The scheme aims to foster innovation and enable startup growth by supporting viable early-stage ventures.
The Startup India Seed Fund Scheme (SISFS) is a government initiative to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization. Eligible startups must be DPIIT-recognized, incorporated within two years, and have innovative and scalable business ideas. The scheme is implemented through selected incubators and monitored by an Expert Advisory Committee. The Seed Fund will be disbursed to eligible startups through eligible incubators across India. The scheme was announced by the Hon'ble Prime Minister of India on January 16, 2021, and notified on January 21, 2021. The Experts Advisory Committee will evaluate and select incubators for allotment of Seed Funds and monitor progress.
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