Launched By: Department for Promotion of Industry and Internal Trade (DPIIT), Government of India. Objective: To provide early-stage financial support to startups for proof of concept, prototype development, product trials, market entry, and commercialization. Total Outlay: ₹945 crore over 4 years. Target Beneficiaries: Around 3,600 entrepreneurs through 300+ incubators. Funding Structure Up to ₹20 lakh – For Proof of Concept, prototype development, product trials. Up to ₹50 lakh – For market entry, commercialization, or scaling. Funds are provided only through recognized incubators (not directly to startups by the government). 3. Eligibility Criteria for Startups DPIIT Recognition: Must be a DPIIT-recognized startup. Incorporation Age: Not more than 2 years old at the time of application. Funding History: Should not have received more than ₹10 lakh from any other central/state government scheme (excluding certain allowances like prizes or subsidized workspaces). Sector & Innovation: The business idea must be innovative, have commercial potential, and/or address a problem in society/industry. Equity: Shareholding by Indian promoters should be at least 51% at the time of application. 4. Eligibility Criteria for Incubators Must be a legal entity (society/trust/company) for at least 2 years. Should have facilities to support startups — co-working space, labs, testing, mentoring, etc. Must have at least 5 startups physically incubated. 5. How It Works Apply on Startup India Portal under SISFS section. Select an Incubator from the approved list. Submit Proposal with business plan, prototype details, and funding requirement. Incubator Evaluation Committee reviews applications and selects startups. Fund Disbursement in milestone-based tranches (e.g., prototype stage → market testing → commercialization). 6. Key Benefits No repayment required (it’s a grant, not a loan). Helps in reaching MVP (Minimum Viable Product) stage quickly. Builds credibility for raising larger funds from angel investors or VCs later. 7. Bizcore Support We can: Help you register for DPIIT recognition. Prepare SISFS application & pitch deck. Connect you with approved incubators that have funding available. Draft milestone-based financial plans to increase approval chances. 💡 Pro Tip: Many startups secure ₹50 lakh under SISFS and then raise another ₹50 lakh – ₹1 crore via CGTMSE or private investors, reaching ₹1 crore+ without giving up large equity. If you want, I can prepare a ready-to-submit SISFS application package for your startup — including business plan, financials, and pitch deck — so you can apply directly and improve your chances.
