+ 91 9667177745
info
Our Large Team Is waiting to guide in Seed FUnd Application.
Discover more about Seed Fund Application– Click here to explore!
Seed Fund Application
What is Seed Funding?
The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs.
This Action Plan laid down a roadmap for the creation of a conducive ecosystem for Startups in India. Subsequently, many activities have been undertaken to encourage Startups. Startup India Seed Fund Scheme (SISFS) is one such scheme which/that provides provides financial assistance to early-stage startups.
What is Startup India Seed Fund Scheme?
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.
Objectives of SISFS
Many innovative business ideas fail to take off due to the absence of this critical capital required at an early stage for proof of concept, prototype development, product trials, market entry and commercialization.
Seed Fund offered to such promising cases can have a multiplier effect in validation of business ideas of many startups, leading to employment generation.
Who Can Apply?
- Provides initial capital to grow your idea.
- Strong and supportive to hold your vision.
- Startups in Ideation Phase: Early thinkers with innovative ideas.
- Early-Stage Startups: Businesses with prototypes looking to scale.
- All Industries: Tech, healthcare, e-commerce, etc.
- ct market research, and build a core team.
Advantages and Benefits
Access to Capital: It helps startups kickstart their operations without relying. solely on personal savings or loans.
Guidance and Mentorship: Acoworlds offers 360° mentorship, including business idea validation, financial planning, and marketing strategies, ensuring startups grow from concept to market success.
Faster Market Entry: With financial support, startups can move quickly to develop their product, test it, and enter the market.
Networking Opportunities: Seed investors often provide access to their network of advisors, partners, and potential future investors.
Seed Fund Program Overview
Funding Details:
Debt: ₹50 Lakh
Grant: ₹20 Lakh
Eligibility
- The startup must be recognized by the Department of Industrial Policy and Promotion (DPIIT).
- The startup must have been incorporated no more than two years ago.
- The startup must have a business idea that can be commercialized and scaled.
Documents Required
Partnership Firm
– PAN Card of Firm.
-Partnership Deed
-PAN & Aadhaar Cards of Partners
-Business Address Proof
-GST Registration Certificate
-Bank Statement (6 months)
Private Limited / OPC/LLP
– Certificate of Incorporation- Memorandum & Articles of Association
(MOA/AOA)
-PAN & Aadhaar Cards of Directors- Business Address Proof
-GST Registration Certificate- Bank Statement (6 months
Procedure for Seed Fund Application
Procedure for Seed Fund Application
Research Eligibility Criteria
- Check the specific requirements of the seed funding program.
- Ensure your startup aligns with the industry, revenue stage, and innovation criteria.
Prepare a Strong Business Plan
- Clearly define your business model, target market, and revenue strategy.
- Prepare financial projections and expected use of funds.
Create a Compelling Pitch Deck
- Highlight problem, solution, market size, competitors, and funding requirements.
- Ensure the pitch deck is clear, concise, and visually appealing.
Fill Out the Application Form
- Provide business and founder details on the funding portal or official website.
- Attach required documents like business registration certificate, financial statements, and projections.
Pay the Application Fee (If Required)
- Some seed funding programs may require a nominal application fee.
Submit and Track Your Application
- Submit the completed application and note the Application Reference Number (ARN).
- Track the status on the respective portal.
Participate in Screening & Interviews
- If shortlisted, prepare for investor meetings or panel interviews.
- Be ready to answer questions about your business viability and scalability.
Approval & Fund Disbursement
- If selected, sign the necessary agreements.
- Funds are disbursed in phases based on milestones.