- 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.
- 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.
Startup India Seed Fund Scheme
Startup India and Invest India selected Atal Incubation Centre- Prestige for the Startup India Seed Fund Scheme. Under this scheme, AIC-Prestige has been allocated 2 crores for financial assistance to early-stage startups.
The Startup India Seed Fund Scheme, launched by the Department for Promotion of Industry and Internal Trade (DPIIT) with an Rs. 945 Crore outlay, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialization. It is expected to aid in the development of a robust startup ecosystem in Tier 2 and 3 regions, as the startups in the smaller towns in India are often not provided with appropriate funding.
Startups Supported under SISFS
