VCFO Lite
Startup India Seed Fund Scheme (SISFS) application through incubators
What this means, checked by a CA
SISFS gives very young recognised startups up to ₹20 lakh as a grant for proof of concept or prototype, and up to ₹50 lakh as low-cost debt or convertible debentures for market entry, through approved incubators. We check eligibility, build the deck, projections and milestone-wise use of funds, pick up to three incubators and prepare you for the selection pitch.
₹4,999
One time, + 18% GST
- Delivered in 5 to 7 working days to prepare the application pack; ISMC decision due within 45 days of the application
- Due: Within 2 years of incorporation, while the call for applications on the Seed Fund portal is open
How we do it: IDFD
Every case runs through the same four steps: Information, Discussion, Forms, Deliverables. You see each one ticked as it happens.
InformationWhat we need from you · 10 items
DPIIT recognition certificate
Required to log in and apply
Certificate of incorporation and PAN
Proves age under 2 years
Board resolution, authorisation letter or POA
Authorises the representative
Shareholding pattern
Shows 51% Indian promoters
Pitch deck PDF, up to 15 MB
Uploaded with the application
Problem statement and competitors
Form fields on the portal
Fund deployment plan by milestone
Main scoring item
Earlier government support received
₹10 lakh cap test
Three-year projectionsOptional
Asked in pitch and screening
Product video link and prototype proofOptional
Strengthens feasibility score
DiscussionWhat we discuss · 6 items
Exact date of incorporation and DPIIT recognition?
2-year window is from incorporation
Grant for proof of concept, or debt for scale-up?
Instrument cannot be changed after submitting
Any earlier grants, and what counts toward ₹10 lakh?
Over the cap makes you ineligible
Do Indian promoters hold 51% or more today?
Checked on application date
Which incubators fit your sector and still have funds?
Order of three preferences is locked
What milestones will each tranche buy, and by when?
Tranches are released only on milestones
FormsForms we file · 8 items
Eligibility check: DPIIT status, age under 2 years, 51% Indian promoters, earlier government support, not funded under SISFS before
Earlier support counted = monetary grants from Central or State schemes, excluding prize money, subsidised workspace, founder allowance and lab access; must be ₹10 lakh or less
Where: Internal working. Due: Before applying
Prepare the pitch deck (12 to 15 slides), three-year projections and a milestone-wise fund utilisation table
Use of funds table: line item, amount, milestone, month; total equals the ask and stays within ₹20 lakh grant or ₹50 lakh debt
Where: Internal draft. Due: Before applying
Shortlist incubators by sector, location and remaining capacity
Where: https://seedfund.startupindia.gov.in. Due: Before applying
Log in with Startup India credentials, Apply Now, check auto-filled entity details, fill startup, team and funding sections
Where: https://seedfund.startupindia.gov.in. Due: While a call is open
Choose instrument (grant, debt or debenture), rank up to three incubators, upload deck and authorisation, self-declare and submit
Where: https://seedfund.startupindia.gov.in. Due: Same application
Pitch to the Incubator Seed Management Committee if shortlisted
Where: Incubator, in person or online. Due: Decision due within 45 days of application
Sign the legal agreement with milestones and open or confirm the company bank account
Where: Selected incubator. Due: Before first instalment
Report progress, submit interim utilisation certificates for each tranche and a final audited utilisation certificate
Where: Incubator and Seed Fund dashboard. Due: Per agreement; final report at project end
DeliverablesWhat you get · 4 items
Application reference and dashboard status
When: On submission
Selection letter from incubator
When: Within about 45 days of application
First instalment in company account
When: Targeted within 60 days of application
Utilisation certificate templates and reporting calendar
When: After agreement
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