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STARTING FROM ₹ 29,999

Secure Rs.70 Lakhs in Funding from Startup India Seed Fund Scheme (SISFS)

Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization.

With Setmybiz support complete the application and pitch process seamlessly.

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ELIGIBILITY CRITERIA FOR STARTUPS

Duration

DPIIT-recognized startup, incorporated less than 2 years ago.

Business Proposition

A business plan with market viability, scalability, and innovative tech integration.

Sector Preference

Especially for innovative solutions in social impact, waste management, water management, and many more.

Shareholding Pattern

At least 51% shareholding by Indian promoters.

Seed Fund Disbursement

Up to Rs. 20 Lakhs as grant and up to Rs. 50 Lakhs as investment through convertible debentures or debt.

ABOUT THE SCHEME

The Startup India Seed Fund Scheme (SISFS) is a remarkable initiative, providing financial backing to startups during their most pivotal phases - from proof of concept and prototype development to market entry and commercialization. With an impressive outlay of INR 945 Crore, SISFS aims to empower an estimated 3,600 entrepreneurs via 300 incubators over the next four years. This revolutionary scheme, announced by the Hon’ble Prime Minister of India in January 2021, is designed to disburse funds to eligible startups via accredited incubators across the nation.

WHY SISFS IS ESSENTIAL

For budding entrepreneurs, early-stage capital is crucial. Traditional avenues such as angel investors or venture capital often require proof of concept, and banks mandate asset-backed applications. SISFS bridges this gap, providing essential seed funding for innovative startups to conduct proof of concept trials.

OBJECTIVE OF THE SCHEME

At its core, the Startup India Seed Fund Scheme (SISFS) is dedicated to financially aiding startups during their foundational phases. The scheme's assistance ensures startups evolve to stages where they can attract investments from angels, VCs, or secure loans from banking establishments.

KEY BENEFITS

Leverage the immense potential of the Start Up India Seed Fund Scheme with SetMyBiz.in. Turn your startup aspirations into remarkable achievements today!

Pitch Deck

Support in Preparation of a Robust Pitch Deck

Improve your Pitch

Expert Assistance in Enhancing Your Pitch

Vast Network

Integrate with a vast ecosystem for growth and expansion.

Seed Funding Specialist

Strategized approaches for optimum fund utility.

Experienced Guidance

Direct channel to domain experts and mentors.

Strategic Positioning

Ensuring your startup is aligned for maximum benefits.

Financial Structuring

Mastery in fund allocation and utility.

Compliance Expertise

Mastery over all regulatory nuances.

OUR OFFERINGS

Anyone aiming to take advantage of the Start Up India program can begin their entrepreneurial journey with ease and support.

End-to-End Application Process

Assistance in Funding Opportunities

Mentor Connect and Network Introduction

Guidance on Compliance and Regulations

Virtual Office Solutions

Regular Updates & Consultations

Frequently Asked Questions

The ₹ 29999 package offers a comprehensive suite of services including dedicated SISFS application guidance, support in pitch presentation and preparation, customized funding strategy formulation, exclusive mentorship and networking opportunities, priority access to SISFS workshops, and much more.

The typical duration for the SISFS application process can vary based on the complexity of the startup's profile and documentation. However, with our expert guidance, we strive to expedite the process as efficiently as possible.

While we ensure that your application is accurate, well-prepared, and meets all criteria, the final approval is at the discretion of the concerned government authorities. Our expert team, with their in-depth knowledge, maximizes your chances of approval.

Our commitment to our clients goes beyond just application submission. We offer post-submission support, updates, and consultation to ensure you're always informed and assisted.

Client confidentiality is of utmost importance to us. All details shared with our team are protected under strict non-disclosure agreements. We take all necessary precautions to safeguard your information.

Absolutely! While the SISFS requires startups to be DPIIT-recognized, we can guide and assist you with the DPIIT recognition process separately, ensuring your startup meets all necessary criteria.

Startups that have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme might not be eligible for SISFS. However, it's best to consult with our team for a detailed evaluation of your startup's specific situation.

Certainly! Apart from the SISFS Application Service, we offer a wide range of services catering to the needs of startups at every stage. Whether it's regulatory compliance, mentorship, or funding strategies, our team is equipped to guide you through all facets of the startup journey.

As part of our service offerings, we provide regular updates and alerts for events, workshops, and summits related to 'Start Up India'. This ensures you remain connected with the ecosystem and can leverage opportunities as they arise.

Yes, we offer assistance in identifying and connecting with potential funding opportunities. Our network comprises investors, venture capitalists, and financial institutions who are keen on investing in promising startups under the 'Start Up India' umbrella.