Startup India Seed Fund Scheme – Expert Consulting for Your Funding Application
The Startup India Seed Fund Scheme is a government initiative aimed at providing financial support to startups to help them grow and scale their operations. At Consovia, we offer consulting services to guide you through the application process, ensuring that your startup is well-prepared to apply for this funding.
Our role as a consulting firm is to assist you in preparing all necessary documentation, including detailed reports and pitch decks, as well as offering comprehensive guidance on how to present your business to government evaluators. In addition, we provide interview preparation to ensure that you are well-equipped for the selection process.
About the Startup India Seed Fund Scheme:
The Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to early-stage startups in their growth phase. Under this scheme, eligible startups can receive funding of up to ₹50 lakh for their seed-stage activities such as product development, market entry, and scaling operations.
Key Features of the Scheme:
Funding Support: Eligible startups can access financial support ranging from ₹10 lakh to ₹50 lakh, based on their business model and funding needs.
Government Backed: The scheme is part of the Government of India’s Startup India initiative, ensuring transparency and credibility.
Focus on Innovation: The fund focuses on startups working on innovative products and services in sectors such as Agritech, Fintech, Healthtech, Edtech, and more.
Eligibility Requirements for the Startup India Seed Fund Scheme:
To qualify for the Startup India Seed Fund Scheme, your startup must meet the following criteria:
Age of the Business: Your startup should be less than 5 years old from the date of its incorporation.
Annual Turnover: The startup’s annual turnover should be less than ₹100 crore.
Innovation and Scalability: Your startup must be working on an innovative product or service with scalable potential.
Entity Type: The business must be registered as a Private Limited Company, Limited Liability Partnership (LLP), or a One Person Company (OPC).
Not a Result of Splitting or Reconstructing an Existing Business: The startup should not be a result of splitting or reconstructing an already existing business.
Required Documents for Application:
Before applying for the Startup India Seed Fund, the following documents are required to ensure a smooth application process:
Certificate of Incorporation or Registration: Proof of the business’s legal entity (e.g., Private Limited Company, LLP, OPC).
Business Plan or Pitch Deck: A detailed document outlining your business model, market analysis, and financial projections.
PAN Card: The PAN card of the startup and its founders.
Aadhar Card: Aadhar details of the founders/directors of the startup.
Financial Statements: Audited financial statements for the last 1-2 years (if applicable).
Founder’s Declaration: A declaration from the founders that the startup is innovative and not a result of splitting an existing business.
Proof of Address: A utility bill, lease agreement, or any official document that proves the address of the startup.
Our Services Include:
- Report Preparation: We help compile the necessary business, financial, and operational reports required to apply for the Startup India Seed Fund Scheme.
- Pitch Deck Creation: Our team will craft a professional and compelling pitch deck that highlights your startup’s value proposition and growth potential.
- Interview Preparation: We prepare you for the government interview process by providing tailored guidance on how to present your startup and its potential for success.
Important Information Regarding the Application Process:
The approval and disbursement of funds are entirely managed by the government through the Startup India Seed Fund Scheme. While we assist in the preparation of all required documentation and provide expert consultation, the final decision on approval rests solely with the government. As part of our services, we aim to increase the likelihood of success by ensuring that your application is complete, professional, and well-prepared for submission. However, please note that if an application is rejected, it is a result of the government’s evaluation and not due to our consulting services.
Consovia is here to consult, guide, and assist you in navigating the application process to ensure that your startup is in the best possible position to receive funding through the Startup India Seed Fund Scheme.
