startupindiaseed.iimuic.orgStart Up India Seed – Scale Up Your Start Up With SISFD

Scale Up Your Start Up With Start-Up India Seed Fund Scheme Your journey of seed fund starts here. Apply Now Supported Startup in SISFS Objective of the Scheme Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions. Key Offerings Seed Investment Seed Investment up to 30 Lacs per Startup Grant-in-Aid Grant of up to 10 Lacs per Startup Incubation Support Incubation and acceleration support for 12 months Customized Workshop Dedicated customized mentoring workshops and capacity building sessions External Funding Follow-on investment support from the IIMUIC investment community Networking Partners Networking and pilot opportunities with partners Eligibility Criteria 1 A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application. To get DPIIT-recognized, Click on link https://www.startupindia.gov.in/content/sih/en/startupgov/startup-recognition-page.html. 2 The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling. 3The startup must have a business idea to develop a product or a service with a market fit, viable commercialization, and scope of scaling. 4 Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working space, founder monthly allowance, access to labs, or access to prototyping facility. 5 Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme, as per Companies Act, 2013 and SEBI (ICDR) Regulations, 2018. 6 For Grant, preference would be given to startups creating innovative solutions in sectors such as social impact, quality education, clean and affordable energy, clean water and sanitation, zero hunger, good health and wellbeing, assistive technology, etc. How To Apply Apply directly on the portal Click here For general inquiries on the scheme ,please write to us at incubation@iimu.ac.in For detailed guidelines on the scheme Click here Scale Up Your Startup With Startup India Seed Fund Scheme Your journey of seed fund starts here. Complete the application to initiate the journey Apply Now Audivision is a social impact initiative to empower the blind and low vision communities to become self-reliant. Such initiatives require extensive user research, groundwork for first hand problem analysis and leveraging advance technology like AI to solve it. To achieve these, you need right guidance, expertise, infrastructure, and funding support. That’s when we got to know about the SISFS scheme. We did some research on incubators who align with our social impact mission and IIM Udaipur Incubation Centre was our top choice and preference due to their work in this field. Team IIMU is extremely helpful, knowledgeable, and cooperative. They are a great value add in terms of mentoring, providing right channels for networking and timely fund release. They are motivated to make their supported startups to succeed and make a meaningful impact. At the end of incubation period, we successfully released the android app. We went from 6K to 44K+ users across 121 countries. We were able to carry on R&D activities. Our app was highlighted by various reputed sites including Perkins school, American foundation for the blind and many more places. Thank you, Team IIMUIC Aadhar Bhalinge Founder - Audivision Before the SISFS grant, we were struggling to secure sufficient funding to fuel our business operations. We had limited resources, which restricted our ability to hire the right talent for our team, invest in product manufacturing and conduct necessary testing. The SISFS grant provided by the IIM Udaipur Incubation Centre was a gamechanger for us. The financial support enabled us to expand our team, invest in equipment and machinery to manufacture products and get them tested by third-party laboratories. Moreover, it allowed us to work on our technology, enhance our product development, and improve our market reach. The motivation to apply for support from the IIM Udaipur Incubation Centre stemmed from its stellar reputation in the city. We have been in touch with the IIMUIC team for quite a long, and they have been really understanding and always guided us on our startup. The Centre’s strong network of mentors, industry experts, and investors was another compelling factor that motivated us to seek their assistance. We are immensely grateful to the IIM Udaipur Incubation Centre for their invaluable contribution to our entrepreneurial journey.” Kunjpreet Arora Founder - Angirus It is indeed a great pleasure for us to be associated with IIM Udaipur Incubation Centre. The grant and support received from the Centre under the Startup India Seed Fund Scheme has played a vital role in our startup journey. As an idea stage venture, we have been encountering challenges to secure funding for the development of our product. SISFS was our first attempt in applying for a government grant. We got the grant sanctioned and credited within 40 business days. This on-time disbursement of grant by the Incubation Centre not only accelerated our product development journey but also allowed us to launch the final product in the market and generate revenue. Our special thanks to Team IIMUIC for supporting us and being instrumental in our growth journey.” Vishnu T U Founder - Machenn Innovations The SISFS grant received from IIM Udaipur Incubation Centre during the early phase of our startup has significantly impacted the growth of Nexus Power. Their promptness throughout the selection process was highly motivating. The entire team at the Incubation Centre was always only a call away and made sure to keep us on our toes so that we achieve our milestones in time. What genuinely surprised us was their calmness and patience in dealing with fresh startup founders. The willingness to take up follow on rounds of funding worked like a validation of our work and pushed us to keep striving for more! Forever grateful and deep gratitude!” Nishita Baliarsingh Founder - Nexus Power Previous Next IIM Udaipur Incubation Centre, Balicha, Udaipur - 313001, Rajasthan, India Email: incubation@iimu.ac.in Email: incubation@iimu.ac.in Contact...