Startup India Seed Fund Scheme (SISFS)
The 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 crucial support helps startups bridge the critical gap between idea validation and raising further funds.
Yenepoya Technology Incubator is proud to be a partner incubator under this scheme, facilitating access to seed funding for eligible early-stage startups within our ecosystem. We provide comprehensive support throughout the application process and mentorship to help startups utilize the funds effectively for sustainable growth.
Key Objectives
- Support proof of concept and prototype development
- Enable product trials and market entry activities
- Facilitate commercialization of innovations
- Bridge to attract further investor funding
Funding Structure
The Startup India Seed Fund Scheme provides financial assistance up to ₹20 lakhs for validation of Proof of Concept, prototype development, product trials, and market entry. An additional investment of up to ₹50 lakhs is available for market entry, commercialization, and scaling the startup.
Eligibility Criteria
Startup Requirements
- A startup recognized by DPIIT
- Incorporated not more than 2 years ago at the time of application
- Viable business idea with market fit and commercialization potential
- Significant scope for scaling the business
Additional Requirements
- Should not have received more than ₹10 lakh from any other Central or State Government scheme
- Indian promoters must hold at least 51% shareholding in the startup
- Preference given to startups in sectors like healthcare, agriculture, education, social impact, etc.
- Must be incubated with Yenepoya Technology Incubator
Please refer to the official Startup India Seed Fund Scheme guidelines for complete and updated eligibility details.
Application Process
How to Apply
Check for Open Calls
Visit the official Startup India portal for open applications under SISFS
Select YTI as Incubator
Choose Yenepoya Technology Incubator during the application process
Complete Application
Fill out the form with details about your startup, team, and product
Submit Documents
Provide your pitch deck, business plan, and incorporation certificate
Selection Review
Our committee evaluates applications based on innovation and potential
Presentation
Shortlisted startups are invited for a pitch session
Final Selection & Disbursement
Subject to due diligence and compliance with SISFS guidelines
Stay tuned to our website or the official Startup India portal for specific application deadlines and announcements.
Our Focus Area
While the SISFS supports startups across various sectors, Yenepoya Technology Incubator has a primary focus on fostering innovation within the Healthcare sector. We leverage our domain expertise and network within the Yenepoya (Deemed to be University) ecosystem to provide specialized support to health-tech startups.
Startups in other sectors with strong innovation potential may also be considered for the seed fund, particularly those addressing significant social or economic challenges.
Medical Devices & Diagnostics
Digital Health & Telemedicine
Biotechnology & Pharmaceuticals
Wellness & Preventive Health
Funded Startups (SISFS)
Coming Soon
We are actively evaluating applications for the Startup India Seed Fund Scheme. Currently, there are no startups funded under this specific scheme through Yenepoya Technology Incubator. We look forward to supporting promising ventures soon.
Interested in SISFS Funding?
If you have an innovative startup idea in the healthcare space or other focus areas, we encourage you to reach out to us to learn more about the application process and upcoming funding cycles.