How much seed funding can a startup receive under the scheme?

Seed Fund to an eligible Startup by the incubator should be disbursed as follows:

1. Upto Rs. 20 Lakhs as a grant for validation of proof of concept, or prototype development, or product trials. The grant shall be disbursed in milestone-based installments. These milestones can be related to the development of prototypes, product testing, building a product ready for the market launch, etc.

2. Upto Rs. 50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments.

3. A Startup applicant can avail of seed support in the form of grants and debt/convertible debentures each once as per the guidelines of the scheme.

Eligibility criteria of the Scheme:

1. A Startup, recognized by DPIIT, incorporated not more than 2 years ago at that time of application.

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