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Seed Fund Support Scheme (via PSG-STEP)

Offered by PSG-STEP

Overview

The Seed Fund Support Scheme is offered through PSG-STEP (PSG Science and Technology Entrepreneurial Park), hosted at PSG College of Technology, as part of the NIDHI-SSS (Seed Support System) framework backed by the Department of Science and Technology. It provides financial support to incubated startups to move technologies toward commercial realization.

Eligibility

  • Incubatee should be a company registered in India
  • Minimum of three months of residency at the PSG-STEP incubator
  • Must be an Indian startup, not a subsidiary of an MNC or foreign company
  • A legally vetted agreement must exist between the incubatee and PSG-STEP

Funding Purpose

The financial support (up to 50 lakh rupees, at 5% interest with a 5-year repayment period) is extended for product development, testing, trial and test marketing, and filing of patents, including for projects in high-risk areas aimed at commercial realization.

Application Process

Incubatees apply through PSG-STEP after meeting the residency and registration eligibility requirements; a formal, legally vetted agreement is executed between the incubatee and PSG-STEP as part of onboarding.

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.