DPIIT has created Startup India Seed Fund Scheme (SISFS) to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market entry, and commercialization.
AIC-RNTU Foundation is selected as an incubator to implement the scheme and disburse funds to the selected startups of the ecosystem. The startups applying on the platform and selecting AIC-RNTU as their preferred incubation centre will undergo a three-round screening process comprised of Internal Committee Review followed by SME's feedback, and Final Presentation in front of Incubator Seed Management Committee (ISMC) Members.
The Startups are evaluated by ISMC members on pre-set parameters. Startups matching all the selection criteria are selected for funding.
To apply for SISFS log on to https://seedfund.startupindia.gov.in