Inviting applications for the Startup India Seed fund Scheme (SISFS).
Inviting applications for the Startup India Seed fund Scheme (SISFS).
𝗔𝗯𝗼𝘂𝘁 𝘁𝗵𝗲 𝘀𝗰𝗵𝗲𝗺𝗲:
This scheme offers financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This funding support is meant to help you graduate to a level where you can raise investments from angel investors or venture capitalists, or seek loans from commercial banks or financial institutions.
𝗧𝘆𝗽𝗲𝘀 𝗼𝗳 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗮𝘀𝘀𝗶𝘀𝘁𝗮𝗻𝗰𝗲:
(i) Grants upto Rs. 20 Lakhs can be provided for validation of Proof of Concept, or prototype development, or product trials.
(ii) Convertible debentures for up to Rs. 50 Lakhs for market entry, commercialization, or scaling up.
𝗞𝗻𝗼𝘄 𝗠𝗼𝗿𝗲 𝗮𝗻𝗱 𝗔𝗽𝗽𝗹𝘆 𝗡𝗼𝘄: lnkd.in
Credit: Venture Center