What is the Startup India Seed Fund Scheme (SISFS)?
The Startup India Seed Fund Scheme (SISFS), launched by the Government of India under the Department for Promotion of Industry and Internal Trade (DPIIT), aims to provide financial support to early-stage startups for proof of concept, prototype development, product trials, market entry, and commercialization.
This scheme bridges the crucial funding gap faced by startups in their initial stages — helping them turn ideas into sustainable business models.
Funding Structure
Under the SISFS, eligible startups can receive:
💰 Up to ₹20 lakhs as a grant for product development, prototype creation, or proof of concept.
🏦 Up to ₹50 lakhs as a seed fund (loan or convertible debenture) for market entry, commercialization, or scaling operations.
Funds are disbursed through approved incubators across India.
Eligibility Criteria
To be eligible for SISFS support, a startup must:
✅ Be recognized by DPIIT under the Startup India initiative
✅ Be incorporated not more than 2 years before the date of application
✅ Not have received more than ₹10 lakhs in monetary support from any other central or state government scheme
✅ Have a business idea with market fit, viability, and scalability
✅ Be using technology in product, process, or business model innovation
✅ Have a working prototype or minimum viable product (MVP)
Benefits of SISFS for Startups
🚀 Non-Equity Funding: Get financial support without giving up ownership or shares
🏗️ Product Development Support: Helps create prototypes and test market feasibility
📈 Market Entry Funding: Capital for scaling production, marketing, and commercialization
🧭 Mentorship Access: Guidance from incubators and mentors empaneled with Startup India
🏦 Investor Readiness: Strengthens startups’ ability to raise private funding after validation
🤝 Networking Opportunities: Connect with government-recognized incubators and investors
How Oxom Consultancy Hub Helps
At Oxom Consultancy Hub, we simplify the entire SISFS application process.
Our team provides end-to-end support including:
✅ Eligibility Assessment and Document Checklist
✅ Business Plan and Pitch Deck Preparation
✅ Application Drafting and Submission through recognized incubators
✅ Assistance with Presentation and Incubator Evaluation
✅ Funding Disbursement Support and Post-Award Compliance
We ensure that your startup’s idea, financials, and scalability are presented in the most compelling way to maximize funding chances.
Documents Required
- DPIIT Recognition Certificate
- Certificate of Incorporation
- Founders’ PAN and Aadhaar
- Business Plan or Pitch Deck
- Prototype Details / Product Information
- Audited Financials (if any)
- Proof of Concept or MVP Validation
- Bank Details and Shareholding Pattern
Timeline
🗓️ Application Preparation: 3–5 days
🗓️ Submission & Incubator Evaluation: 2–4 weeks
🗓️ Fund Approval & Disbursement: 1–2 months (depending on incubator processing)
Why Choose Oxom Consultancy Hub
🌐 Registered Startup Consultancy Partner
💼 Proven Track Record in Funding Application Support
🧾 Transparent & Affordable Fees
⚡ Fast and Accurate Processing
🧠 Expertise in Business Documentation and Investor Pitching
🔒 100% Confidentiality Guaranteed
Get Funded with SISFS Today
Join hundreds of innovative entrepreneurs getting access to ₹20 lakh grant and ₹50 lakh loan funding under the Startup India Seed Fund Scheme.
📞 Call Us: +91 93958 33875
💬 WhatsApp: +91 88221 41501
✉️ Email: info@oxomconsultancyhub.in