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How to Apply for Seed Fund Incubator at SASTRA TBI – FIRST

SASTRA TBI Seed Fund

Introduction
Starting a startup is both thrilling and challenging. While innovative ideas are the foundation of entrepreneurship, early-stage startups often struggle with critical hurdles, including limited funding, lack of mentorship, and restricted access to infrastructure. The Foundation for Innovation & Research at SASTRA TBI – FIRST provides a solution to these challenges.

SASTRA TBI – FIRST, hosted at SASTRA University, is a premier technology business incubator that supports early-stage startups with seed funding, mentorship, infrastructure, and networking opportunities. By offering structured guidance, financial support, and exposure to industry experts, FIRST helps startups transform ideas into scalable, sustainable ventures.

This article provides a comprehensive guide on how to apply for seed fund incubator SASTRA TBI – FIRST, covering eligibility criteria, funding details, application steps, tips for a successful application, and success stories of startups that have thrived under the incubator.

What is SASTRA TBI – FIRST?

The Foundation for Innovation & Research at SASTRA TBI – FIRST is a technology business incubator established to promote entrepreneurship, innovation, and research. The incubator provides early-stage startups with a supportive ecosystem to develop, validate, and commercialize their products or services.

Key Objectives of FIRST:

  • Promote Entrepreneurship: Encourage young innovators and aspiring entrepreneurs to convert ideas into commercially viable solutions.

  • Provide Seed Funding: Offer early-stage financial support for product development, prototype creation, and market entry.

  • Mentorship & Advisory: Connect startups with successful entrepreneurs, industry experts, and academic advisors.

  • Infrastructure Support: Provide access to labs, co-working spaces, prototyping facilities, and workshops.

  • Networking & Market Access: Facilitate introductions to investors, potential collaborators, and corporate partners.

FIRST primarily supports startups in sectors such as technology, healthcare, education, energy, and social impact ventures, with an emphasis on innovation-driven solutions.

Why SASTRA TBI – FIRST Stands Out

SASTRA TBI – FIRST differentiates itself by offering:

  • Zero-Cost Incubation: Selected startups access labs, co-working spaces, and mentorship without upfront costs.

  • Equity-Free Seed Funding: Entrepreneurs retain ownership while receiving financial support.

  • Sectoral Focus: Prioritizes technology, healthcare, EdTech, clean energy, and social impact solutions.

  • Holistic Support: Combines funding, mentorship, technical assistance, market exposure, and investor networking.

This integrated ecosystem ensures that startups are not just funded but also guided toward sustainable growth and market validation.

Seed Funding Programs at SASTRA TBI – FIRST

FIRST provides two main funding programs for incubated startups:

1. Startup India Seed Fund Scheme (SISFS)

Launched by DPIIT, SISFS provides equity-free funding to early-stage startups.

Eligibility:

  • Registered as a Private Limited Company or LLP in India.

  • Startups with a prototype or proof of concept.

  • Incubated at FIRST or another recognized incubator.

  • Technology-driven, innovative solutions.

  • Majority Indian ownership.

Funding Details:

  • Up to ₹50 Lakhs.

  • Disbursed in milestone-based phases.

  • Intended for product development, operational costs, and market entry.

2. FIRST In-House Seed Fund

FIRST also provides an in-house seed fund to support startups incubated at their facility.

Eligibility:

  • Incubated at FIRST for at least 3 months.

  • Early-stage startups with scalable business models in prioritized sectors.

Funding Details:

  • Up to ₹50 Lakhs.

  • Can be equity-free, debt, or a combination.

  • Requires regular reporting and annual audits.

Eligibility Criteria

Before applying for seed funding at FIRST, ensure your startup meets the following requirements:

  • Incorporation: Private Limited Company or LLP registered in India.

  • Promoter Ownership: Minimum 51% held by Indian founders.

  • Stage of Development: Early-stage startups with a validated prototype or MVP.

  • Sector Preference: Technology-driven or social impact solutions preferred.

  • Government Recognition: DPIIT recognition is advantageous but not mandatory.

Application Process

Applying to FIRST involves the following steps:

Step 1: Visit the Official Website

Explore the incubator’s official portal to review incubation programs, funding opportunities, and application forms.

Step 2: Register Your Startup

Create an account by providing basic details about your startup and founders.

Step 3: Complete the Application Form

Include detailed information such as:

  • Startup overview, mission, and vision

  • Problem statement and innovative solution

  • Market analysis, target customers, and competitors

  • Business model and revenue strategy

  • Financial projections and fund utilization plan

  • Team composition and expertise

Step 4: Submit Required Documents

Attach necessary documents:

  • Certificate of Incorporation

  • DPIIT Recognition Certificate (if available)

  • Pitch deck

  • Financial statements (if any)

  • Founders’ CVs

Step 5: Selection Process

  • Screening: Initial evaluation based on innovation, scalability, and sector focus.

  • Pitch Presentation: Shortlisted startups present to the selection committee.

  • Due Diligence: Assessment of operational feasibility and financial planning.

  • Onboarding: Selected startups are inducted into the incubator, gaining mentorship, funding, and infrastructure access.

Tips for a Successful Application

  • Clearly articulate problem-solution fit.

  • Demonstrate deep understanding of the market and competitors.

  • Highlight scalability potential, locally and globally.

  • Showcase a competent and complementary founding team.

  • Provide realistic financial projections and fund utilization plan.

  • Prepare a visually clear and persuasive pitch deck.

Success Stories

Several startups have achieved notable growth through FIRST incubation:

  • EduTech Innovators: Developed an AI-based learning platform with funding and mentorship from FIRST.

  • Clean Energy Solutions: Scaled renewable energy solutions across South India using FIRST resources.

  • HealthTech Startup: Leveraged mentorship and labs to develop telemedicine solutions for rural areas.

These stories illustrate the power of combining funding, mentorship, and structured support to accelerate growth.

Benefits Beyond Funding

  • Mentorship from industry experts, academicians, and successful entrepreneurs

  • Access to state-of-the-art labs, co-working spaces, and prototyping facilities

  • Networking with investors, corporate partners, and ecosystem collaborators

  • Validation of business ideas in a structured and supportive environment

  • Exposure to workshops, bootcamps, and market entry strategies

Contact Information

Conclusion

For early-stage startups, applying for seed fund incubator SASTRA TBI – FIRST offers a significant opportunity to access mentorship, funding, infrastructure, and networking. By following the application process, meeting eligibility criteria, and preparing a compelling proposal, startups can maximize their chances of selection. FIRST combines financial support with mentorship, infrastructure, and market access to help startups transform innovative ideas into scalable and sustainable ventures.

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