Startup India Seed Fund Scheme - Market Entry and Scaling Investment
Department for Promotion of Industry and Internal Trade·India
Up to Rs 50 lakh for market entry, commercialization or scaling up, given as convertible debentures or debt rather than as a grant, through DPIIT-selected incubators.
What you get
“Up to Rs. 50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments”
Can you apply
1. A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application 2. Startup must have a business idea to develop a product or a service with market fit, viable commercialization, and scope of scaling 3. 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 5. Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme 6. Shareholding by Indian promoters in the startup should be at least 51% at the time of application to incubator for the scheme, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018
When
Always open, applications reviewed on a rolling basis.
What Department for Promotion of Industry and Internal Trade funds
India's central startup ministry department. Runs the Startup India Seed Fund Scheme, which channels proof-of-concept grants and early scaling capital to DPIIT-recognised startups through a network of government-assisted incubators rather than funding startups directly.
Everything Department for Promotion of Industry and Internal Trade funds →Details
This is the second, non-grant tranche of the Startup India Seed Fund Scheme and carries different terms from the Rs 20 lakh proof-of-concept grant: interest is capped at the prevailing repo rate, tenure is fixed at sanction and capped at 60 months, and a moratorium of up to 12 months may be provided. It is unsecured and no promoter or third-party guarantee is required. Conversion terms for the convertible debentures are not specified in the scheme guidelines.