Startup India Seed Fund Scheme (via FITT, IIT Delhi)
Offered by FITT, IIT Delhi
Overview
The Startup India Seed Fund Scheme (SISFS) provides financial assistance to early-stage startups to help them advance from concept to commercialization, aiming to support an estimated 3,600 entrepreneurs through 300 incubators over four years nationally. The Foundation for Innovation and Technology Transfer (FITT) at IIT Delhi implements this government scheme as an empaneled incubator.
Eligibility
- Startup must be DPIIT-recognized and incorporated within 2 years of the date of application
- Business must involve technology in its core product/service, business model, or distribution model
- Prior government support received must be capped at Rs. 10 lakhs
- Minimum 51 percent Indian promoter shareholding is required
- Business idea must demonstrate viable commercialization potential and scope for scaling
Funding Purpose
Grants of up to Rs. 20 lakhs (milestone-based) fund proof of concept, prototype development, or product trials. Debt or convertible debentures of up to Rs. 50 lakhs fund market entry, commercialization, or scaling activities. Funds cannot be used for creation of any facilities.
Application Process
Applications are made entirely online through the Startup India portal using startup recognition credentials, with no physical document submission. Applicants list three incubator preferences and are evaluated within 45 days based on feasibility, impact, novelty, team, and fund utilization plan.
How to Apply
- 1Click "Apply Now" above and submit your application directly on the official page.
- 2The offering organisation screens applications against its own eligibility criteria.
- 3Shortlisted applicants may be invited to a pitch or interview round.
- 4The final decision rests solely with the offering organisation.
- 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.