Seed Funding For Startups In India 2024 | Startup India Seed Fund Scheme | Govt Schemes for Startup

Seed Funding For Startups In India 2024 | Startup India Seed Fund Scheme | Govt Schemes for Startup

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In this video of Josh Money, Aastha Sethi is talking about Startup India Seed Fund Scheme.

The Startup India initiative of the Government of India envisages building a robust Start-up ecosystem in the country for nurturing innovation and providing opportunities to budding entrepreneurs.
So in this video of Josh Money, you will find A to Z information about Startup India Seed Fund Scheme. After watching shows like Shark Tank India, we get to know if we have innovative business ideas and if our ideas can solve a genuine problem of civilians. Then there is a lot of opportunities and support waiting for us.
An Action Plan with 19 action points for the Startup India initiative was unveiled by the Hon’ble Prime Minister on January 16, 2016.
This Action Plan laid down a roadmap for the creation of a conducive ecosystem for Startups in India. Subsequently, many activities have been undertaken to encourage Startups. Startup India Seed Fund Scheme (SISFS) is one such scheme that provides financial assistance to early-stage startups.
Easy availability of capital is essential for entrepreneurs at the early stages of the growth of an enterprise.
Funding from angel investors and venture capital firms becomes available to startups only after the proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants. It is essential to provide seed funding to startups with innovative ideas to conduct proof of concept trials.
DPIIT has created Startup India Seed Fund Scheme (SISFS) with an outlay of INR 945 Crore to provide financial assistance to startups for Proof of Concept, prototype development, product trials, market-entry, and commercialization. It will support an estimated 3,600 entrepreneurs through 300 incubators in the next 4 years.
The Seed Fund will be disbursed to eligible startups through eligible incubators across India.

The Indian startup ecosystem suffers from capital inadequacy in the seed and ‘Proof of Concept’ development stage.
The capital required at this stage often presents a make-or-break situation for startups with good business ideas.
Many innovative business ideas fail to take off due to the absence of this critical capital required at an early stage for proof of concept, prototype development, product trials, market-entry, and commercialization.

Seed Fund offered to such promising cases can have a multiplier effect in the validation of business ideas of many startups, leading to employment generation.

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Official Website of Startup India Seed Funf Scheme: https://seedfund.startupindia.gov.in/