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[Apply] Startup India Seed Fund Scheme 2023 – Incubator / Startups Online Application Form

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The Central Government has introduced the Startup India Seed Fund Scheme 2023 and is inviting online applications and registration forms through seedfund.startupindia.gov.in. This scheme aims to offer financial support to startups for various stages, including proof of concept, prototype development, product trials, market entry, and commercialization. In this article, we will guide you through the entire process of applying online as an incubator or startup under the Startup India Seed Fund Scheme (SISFS).

 In Union Budget 2022, central govt. allocates Rs. 283.5 cr for Startup India Seed Fund Scheme which aims to provide financial assistance to start-ups. This allocation is higher than the Revised Estimate of about Rs. 100 crore. SISFS will provide financial assistance to start-ups for proof of concept, prototype development, product trials, market-entry, and commercialisation.

How to Apply Online for Startup India Seed Fund Scheme

Below is the complete process to apply online as incubator or startups under the Startup India Seed Fund Scheme:-

Incubator Application Form for SISFS

STEP 1: Firstly visit the official website of Startup India Seed Fund Scheme at https://seedfund.startupindia.gov.in/

STEP 2: At the homepage, click at the “Apply Now” tab to open the page of how to apply online for Startup India Seed Fund Scheme


STEP 3: If you want to join Seed Fund Scheme as Incubator, then simply select the apply now button.

STEP 4: Then making login using username and password as incubator / startups credentials.


STEP 5: Finally after login, candidates can make login to fill the Incubator Application Form for Startup India Seed Fund Scheme.

Eligibility Criteria for Incubators under Startup India Seed Fund Scheme


The incubator applying for the Startup India Seed Fund Scheme must fulfill the following eligibility criteria:

The incubator must be a legal entity registered under one of the following:

A society registered under the Societies Registration Act 1860
A Trust registered under the Indian Trusts Act 1882
A Private Limited company registered under the Companies Act 1956 or the Companies Act 2013
A statutory body created through an Act of the legislature.
The incubator should have been operational for a minimum of two years from the date of application to the scheme.

The incubator must have facilities to accommodate at least 25 individuals.

The incubator must have a minimum of 5 startups currently undergoing incubation physically on the date of application.

The incubator must have a full-time Chief Executive Officer (CEO) with relevant experience in business development and entrepreneurship. The CEO should be supported by a capable team responsible for mentoring startups in testing and validating ideas, as well as providing support in finance, legal, and human resources functions.

The incubator should not utilize seed funds from any third-party private entity to disburse funds to incubatees.

If the incubator has not received assistance from the Central or State Government(s):

The incubator must have been operational for at least three years.
The incubator must have a minimum of 10 separate startups currently undergoing incubation physically on the date of application.
The incubator should present audited annual reports for the last 2 years.
Additional criteria may be decided by the Experts Advisory Committee (EAC).

These eligibility criteria are essential for incubators seeking to apply for the Startup India Seed Fund Scheme.

Startup Registration Form for SISFS

The Startup application has opened on 1st July 2021. For more details, please get in touch with us at dipp-startups@nic.in

Eligibility Criteria for Startups under Startup India Seed Fund Scheme

  1. A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
  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.
  3. The startup should be using technology in its core product or service, or business model, or distribution model, or methodology to solve the problem being targeted.
  4. Preference would be given to startups creating innovative solutions in sectors such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defence, space, railways, oil and gas, textiles, etc.
  5. 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.
  6. 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.
  7. A startup applicant can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme.

What is Startup India Seed Fund Scheme 2023

In the early stages of a startup's growth, access to capital is crucial for entrepreneurs. However, obtaining funding from angel investors and venture capital firms typically requires proof of concept to be established. Similarly, traditional banks tend to offer loans only to applicants with tangible assets to back their funding requests. This creates a challenge for startups with innovative ideas that need financial support to conduct proof of concept trials.

To address this issue, the Department for Promotion of Industry and Internal Trade (DPIIT) has introduced the Startup India Seed Fund Scheme (SISFS) with a total budget of INR 945 Crore. The primary goal of this scheme is to provide financial assistance to startups for various purposes, including proof of concept, prototype development, product trials, market entry, and commercialization. The SISFS aims to support approximately 3,600 entrepreneurs through 300 incubators over the course of the next four years.

The honorable Prime Minister of India announced the scheme during his Grand Plenary address at the Prarambh: Startup India International Summit on 16th January 2021. Following approval from the Expenditure Finance Committee (EFC) and the honorable Finance Minister, the scheme was officially notified on 21st January 2021. Eligible startups will receive the Seed Fund through accredited incubators spread across India. This initiative seeks to foster innovation and growth in the startup ecosystem by providing crucial financial support to promising ventures.

Need For Startup India Seed Fund Scheme

Easy availability of capital is essential for entrepreneurs at the early stages of growth of an enterprise. Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with an innovative idea to conduct proof of concept trials.

Objective of Startup India Seed Fund Scheme

The Indian startup ecosystem suffers from capital inadequacy in the seed and ‘Proof of Concept’ development stage. Capital required at this stage often presents a make or break situation for startups with good business ideas. Many innovative business ideas fail to take off due to the absence of this critical capital required at an early stage for proof of concept, prototype development, product trials, market entry and commercialization.

Seed Fund offered to such promising cases can have a multiplier effect in validation of business ideas of many startups, leading to employment generation. 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 these 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.

Experts Advisory Committee (EAC)

An Experts Advisory Committee (EAC) has been constituted by Department for Promotion of Industry and Internal Trade (DPIIT) , which will be responsible for the overall execution and monitoring of the Startup India Seed Fund Scheme. The EAC comprises of the following members:-

  • Shri H.K. Mittal, Chairman
  • Shri Shashank Priya, Additional Secretary & Financial Advisor, DPIIT
  • Shri Anil Agrawal, Additional Secretary, DPIIT (Convenor)
  • Dr. Alka Sharma, Advisor DBT
  • Dr. Anita Gupta, Head (NEB), DST
  • Shri Jeet Vijayvargiya, CEO, MeitY Startup Hub
  • Dr K Srinivas, Pr. Scientist (RSM ICAR-NAARM) & CEO, NAARM TBI a-IDEA
  • Shri Saji Gopinath, Professor, IIM Kozhikode
  • Smt. Renuka Ramnath, Indian Private Equity and Venture Capital Association
  • Smt. Padmaja Ruparel, Co-founder IAN & Founding Partner IAN Fund
  • Smt. Anjali Bansal, Founder, Avaana Capital
  • Smt. Shruthi Kannan, Head, Cisco Launchpad
  • Dr. Apoorva Ranjan Sharma, Co-founder Venture Catalysts & 9 Unicorns

The EAC will evaluate and select incubators for allotment of Seed Funds, monitor progress, and take all necessary measures for efficient utilization of funds towards fulfilment of objectives of Startup India Seed Fund Scheme.

Salient Features of Startup India Seed Fund Scheme

  1. Year-round ‘Call for Applications’ for Incubators and Startups
  2. Sector-agnostic
  3. No mandatory physical incubation
  4. PAN-India startup programme
  5. Startups can apply to 3 incubators simultaneously

How Startup India Seed Fund Will Operate

The Seed Fund will be disbursed to eligible startups through eligible incubators across India:-

  • Department for Promotion of Industry and Internal Trade (DPIIT) – Nodal Department
  • Experts Advisory Committee (EAC) – Government Representatives & Industry Experts
  • Govt assisted/Not-Govt assisted Incubators (Incubators)- Operational for atleast 2-3 years
  • DPIIT-recognised Startups (Startups) – Incorporated less than 2 years ago

Launch of Startup India Seed Fund Scheme

The Startup India Seed Fund Scheme was launched by Honourable Shri Piyush Goyal on 19th April 2021

Background of Startup India Seed Fund Scheme

The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs. An Action Plan with 19 action points for the Startup India initiative was unveiled by the Hon’ble Prime Minister on 16 January 2016.

This Action Plan laid down a roadmap for the creation of a conducive ecosystem for Startups in India. Subsequently, many activities have been undertaken to encourage Startups. Startup India Seed Fund Scheme (SISFS) is one such scheme provides financial assistance to early-stage startups.

Check Guidelines of Startup India Seed Fund Scheme at https://dipp.gov.in/sites/default/files/Guidelines-FundScheme-Startup-29January2021.pdf

Gazette Notification – https://www.startupindia.gov.in/content/dam/invest-india/Templates/seedfund-gazette.pdf

Frequently Asked Questions – https://seedfund.startupindia.gov.in/faq

Contact – https://seedfund.startupindia.gov.in/contact

For more details, visit the official website at https://seedfund.startupindia.gov.in/



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