Startup India Seed Fund Scheme (SISFS)
AIC Nitte Incubation Centre has been selected as one of the incubators for providing Seed fund support to start-ups for proof of concept, prototype development, product trials, market entry and commercialization to early-stage start-ups. This would enable these start-ups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.
AIC Nitte has already distributed Rs. 200 lakhs to innovative start-ups under the Startup India Seed Fund Scheme.
SISFS Eligibility Criteria for Start-ups:
Quantum of funding:
Startups can also raise funds through potential Venture Capitalists (VCs), Angel Investors, Personal Investors, Peer-to-Peer Lenders and also Financial Institutions.