The Startup India Seed Fund Scheme (SISFS) is a government initiative launched in 2021 by the 'Department for Promotion of Industry and Internal Trade' (DPIIT) with the aim of providing support to early stage startups in India. The primary objective of this scheme is to provide financial assistance to startups for activities such as proof of concept, prototype development, product trials, and market entry areas where securing funding or raising capital often proves to be challenging. Under this scheme, selected startups receive funds in the form of grants and investments channeled through approved incubators, thereby assisting them in transforming their innovative ideas into successful business enterprises. Constituted with a total corpus of Rs.945 crore, this scheme strives to foster innovation, entrepreneurship development, and job creation across various sectors of the country.
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