Startup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization


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The Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization through eligible incubators.

As per provisions under the SISFS, the Experts Advisory Committee (EAC) evaluates and selects incubators for allocation off undsunder the Scheme. Theapproved incubators shortlist the startups in accordance with the guidelines of the Scheme. The Scheme has been operationalized from 1stApril 2021.

As on 31stDecember 2023, 198 incubators have been selected under the Scheme with a total approved funding of Rs 802.98 crore. The State/Union Territory (UT)-wise list of number of the selected incubators is placed as Annexure I.

The approved incubators have selected 1,740 startups with a total approved funding of Rs 306.43 crore as on 31stDecember 2023. The State/UT-wise details of the number of startups selected by the approved incubators in the last three years viz 2021, 2022, and 2023 is placed as Annexure II. The State/UT- wise details of the amount of funding approved for startups in the last three years viz 2021, 2022, and 2023 is placed as Annexure III.

Under the Startup India initiative, direct financial assistance is not provided to States/UTs.

This information has been provided by the Union Minister of State for Commerce and Industry, Shri. Som Parkash in a written reply in the Rajya Sabha today.                                                                     

ANNEXURE-I

The State/UT-wise details of the incubators selected under SISFS are as under:

S. No.

State/UT

Number of Incubators

1

Andhra Pradesh

6

2

Assam

2

3

Bihar

4

4

Chhattisgarh

2

5

Delhi

11

6

Goa

4

7

Gujarat

20

8

Haryana

5

9

Himachal Pradesh

3

10

Jammu & Kashmir

1

11

Jharkhand

1

12

Karnataka

19

13

Kerala

5

14

Madhya Pradesh

6

15

Maharashtra

28

16

Mizoram

2

17

Nagaland

2

18

Odisha

10

19

Puducherry

2

20

Punjab

9

21

Rajasthan

11

22

Sikkim

1

23

Tamil Nadu

20

24

Telangana

11

25

Uttar Pradesh

10

26

Uttarakhand

2

27

West Bengal

1

 

Total

198

 

ANNEXURE-II

The State/UT-wise and year-wise details of number of startups selected by incubators under SISFS in the last three years (viz 2021, 2022 and 2023) are as under:

S. No.

State/UT

Number of Startups

 

 

2021

2022

2023

  1.  

Andaman and Nicobar Islands

0

0

1

  1.  

Andhra Pradesh

0

7

25

  1.  

Arunachal Pradesh

0

1

0

  1.  

Assam

1

9

14

  1.  

Bihar

1

11

24

  1.  

Chandigarh

0

4

9

  1.  

Chhattisgarh

1

4

3

  1.  

Delhi

11

27

76

  1.  

Goa

7

6

4

  1.  

Gujarat

8

44

84

  1.  

Haryana

5

27

49

  1.  

Himachal Pradesh

1

2

11

  1.  

Jammu & Kashmir

0

1

3

  1.  

Jharkhand

2

2

2

  1.  

Karnataka

27

105

122

  1.  

Kerala

7

19

21

  1.  

Madhya Pradesh

2

37

35

  1.  

Maharashtra

24

89

206

  1.  

Manipur

0

2

1

  1.  

Meghalaya

0

1

0

  1.  

Mizoram

0

0

2

  1.  

Nagaland

0

1

4

  1.  

Odisha

2

11

35

  1.  

Puducherry

0

5

2

  1.  

Punjab

0

4

16

  1.  

Rajasthan

3

16

46

  1.  

Sikkim

0

2

0

  1.  

Tamil Nadu

20

36

99

  1.  

Telangana

5

47

52

  1.  

Uttar Pradesh

15

32

65

  1.  

Uttarakhand

0

6

5

  1.  

West Bengal

4

11

9

 

Total

146

569

1,025

 

 

ANNEXURE-III

The State/UT-wise and year-wise details of funding amount approved to startups under SISFS in the last three years (viz 2021, 2022 and 2023) are as under:

S. No.

State/UT

Amount Approved to Startups (in Rs crore)

 

 

2021

2022

2023

  1.  

Andaman and Nicobar Islands

0.04

  1.  

Andhra Pradesh

0.78

3.803

  1.  

Arunachal Pradesh

0.20

  1.  

Assam

0.95

2.29

  1.  

Bihar

2.66

4.40

  1.  

Chandigarh

0.60

1.20

  1.  

Chhattisgarh

0.20

0.02

0.94

  1.  

Delhi

2.24

5.215

14.55

  1.  

Goa

0.90

0.55

0.56

  1.  

Gujarat

1.20

5.745

16.766

  1.  

Haryana

0.70

3.95

7.495

  1.  

Himachal Pradesh

0.10

0.25

1.89

  1.  

Jammu & Kashmir

0.10

0.33

  1.  

Jharkhand

0.50

0.55

0.55

  1.  

Karnataka

4.07

22.07

28.27

  1.  

Kerala

0.60

3.87

3.47

  1.  

Madhya Pradesh

0.80

5.45

4.8403

  1.  

Maharashtra

2.20

16.33

39.2045

  1.  

Manipur

0.25

0.05

  1.  

Meghalaya

0.20

  1.  

Mizoram

0.40

  1.  

Nagaland

0.25

0.50

  1.  

Odisha

0.40

1.21

5.0924

  1.  

Puducherry

0.336

0.6198

  1.  

Punjab

0.42

1.69

  1.  

Rajasthan

0.70

2.565

6.35

  1.  

Sikkim

0.20

  1.  

Tamil Nadu

3.025

7.791

14.524

  1.  

Telangana

0.65

9.015

12.505

  1.  

Uttar Pradesh

2.005

5.893

10.7098

  1.  

Uttarakhand

0.70

1.40

  1.  

West Bengal

0.565

1.26

1.7504

 

Total

20.855

99.38

186.1902

***

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