🌱 "What is a Seed Fund?" - Seed Funds are provided to startups much before they begin generating revenues and get established in the market. It is usually required for the phase when startups are beginning to develop their proof of concept or product prototypes for validation from target consumers, eyeing their first commercial launch. Financial support at this stage rarely comes from the private sector as startups have no revenues to offer a decent return on investment. This is where the government comes to the rescue, and offers lakhs of funds to eligible startups just to set their foot in the market.

🚀 "What do Startups Get Under Startup India Seed Fund Scheme (SISFS)?" - Startup India Seed Fund allocates lakhs of worth of funds for startups at different stages. For instance, a startup can receive up to Rs.20 lakhs worth of funds in its Ideation and Validation Stages. These are the stages where funds are required for proof of concept development, prototype development, and conducting product trials among target consumers. The funding amount can be increased up to Rs.50 lakhs if a startup is looking forward to commercially launching its products for the first time or upscaling its business to new heights.

❓ "Can all Startups Apply for Seed Fund?" - Not really! Only DPIIT recognized startups, not older than 2 years since incorporation, can apply for Seed Fund. They must not have received Seed Funds or any government grants earlier.

📝 "How to apply for a Seed Fund?" - Seed Fund Application involves a series of steps. These are:

Get DPIIT Recognition for your Startup

Go to the Startup India Seed Fund Website

Fill Out the Application and upload the documents

Wait for your Application to be shortlisted

Receive Seed Funds in installments

For a more detailed explanation of each step with the documents required, watch the video till the end! Need Assistance? Send Your Queries here 📩https://www.setindiabiz.com/dpiit-seed-fund-application