🔆Startup India Seed Fund Scheme (SISFS)
✅Aim: provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry & commercialization.
✅Nodal Department: Department for Promotion of Industry & Internal Trade, under the Ministry of Commerce & Industry.
✅An Experts Advisory Committee (EAC) has been created by DPIIT to execute and monitor the Startup India Seed Fund Scheme.
✅Eligibility conditions for startups: A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
✅Individual entrepreneurs are not eligible to apply for support under the scheme. Only DPIIT-recognized startups can apply for this scheme.
✅Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme.
#government_scheme
✅Aim: provide financial assistance to startups for proof of concept, prototype development, product trials, market-entry & commercialization.
✅Nodal Department: Department for Promotion of Industry & Internal Trade, under the Ministry of Commerce & Industry.
✅An Experts Advisory Committee (EAC) has been created by DPIIT to execute and monitor the Startup India Seed Fund Scheme.
✅Eligibility conditions for startups: A startup, recognized by DPIIT, incorporated not more than 2 years ago at the time of application.
✅Individual entrepreneurs are not eligible to apply for support under the scheme. Only DPIIT-recognized startups can apply for this scheme.
✅Shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme.
#government_scheme
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