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EIC Seed Fund (via IIM Lucknow Enterprise Incubation Centre)

Offered by IIM Lucknow Enterprise Incubation Centre (IIML EIC)

Overview

The EIC Seed Fund is a set of funding schemes run by IIM Lucknow Enterprise Incubation Centre (IIML EIC), a section 8 not for profit company established by IIM Lucknow at its Noida campus, with backing from NSTEDB under the Department of Science and Technology and the Uttar Pradesh State Government. IIML EIC invests in tech driven, early stage startups with high potential and national impact through several distinct instruments.

Eligibility

  • IIML-Venture Fund: startup must be registered in India and incubated at IIML EIC, with a minimum 51% Indian promoter shareholding, and must be DPIIT recognised
  • NIDHI Seed Support Program: requires a minimum of three months of incubation at IIML EIC, with the same Indian promoter shareholding and DPIIT recognition requirements
  • Startup India Seed Fund Scheme: company must be incorporated within 2 years of application, must not have received more than Rs. 10 lakh from other government schemes

Funding Purpose

Across the three schemes, funds support different stages: the IIML-Venture Fund provides up to Rs. 25 lakh via Convertible Cumulative Preference Shares, the NIDHI Seed Support Program provides up to Rs. 50 lakh via equity or quasi-equity instruments, and the Startup India Seed Fund Scheme provides up to Rs. 50 lakh via Optional Convertible Debt.

Apply Now ↗

How to Apply

  1. 1Click "Apply Now" above and submit your application directly on the official page.
  2. 2The offering organisation screens applications against its own eligibility criteria.
  3. 3Shortlisted applicants may be invited to a pitch or interview round.
  4. 4The final decision rests solely with the offering organisation.
  5. 5There is no guarantee of funding at any stage.

Before You Apply

  • ZeedFund is an independent tracker, not the offering organisation or a funding body.
  • Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
  • Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.