Introduction
India’s entrepreneurial revolution has reached every corner of the nation — and Tirupati has emerged as one of the key innovation hubs in South India. At the heart of this ecosystem stands the SPMVV Society for Innovation Incubation and Entrepreneurship – Technology Business Incubator (SIIC–TBI), a pioneering initiative driven by Sri Padmavati Mahila Visvavidyalayam (SPMVV), one of India’s leading women’s universities.
Supported by the Department of Science and Technology (DST), Ministry of Education, and the Startup India Seed Fund Scheme (SISFS), SPMVV SIIC–TBI plays a vital role in nurturing technology-driven startups — especially those led by women and youth entrepreneurs.
The incubator provides early-stage startups with a unique combination of seed funding, mentorship, workspace, and business development support. Whether you’re an aspiring founder with a prototype or a young innovator looking to scale, SPMVV SIIC–TBI offers the perfect launchpad.
This article explains everything you need to know about how to apply for incubation and seed funding at SPMVV Society for Innovation Incubation and Entrepreneurship — including eligibility, process, benefits, and success stories.
1. About SPMVV SIIC–TBI
The SPMVV Society for Innovation Incubation and Entrepreneurship (SIIC–TBI) was established under the aegis of Sri Padmavati Mahila Visvavidyalayam (Women’s University) in Tirupati, Andhra Pradesh.
It is recognized as one of the leading Technology Business Incubators (TBI) in India under the National Science & Technology Entrepreneurship Development Board (NSTEDB), DST, Government of India.
The incubator’s vision is to empower women entrepreneurs, foster innovation, and create job-generating enterprises in emerging technology sectors.
Vision
To be a centre of excellence that nurtures innovation, entrepreneurship, and inclusive economic development through technology-driven startups, particularly those led by women.
Mission
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To provide infrastructure and mentorship support for technology-based startups.
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To promote entrepreneurship among women, students, and rural innovators.
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To connect academia, industry, and government in building a strong innovation ecosystem.
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To enable startups to scale through access to funding and market linkages.
Key Highlights
✅ Supported by DST, GoI under NIDHI-TBI initiative.
✅ Recognized under Startup India Seed Fund Scheme (SISFS).
✅ Focus on Women Entrepreneurship and Technology-led Startups.
✅ Over 100+ startups mentored and incubated.
✅ Access to national and international investor networks.
✅ Strategic collaborations with research institutions, corporates, and innovation hubs.
2. Understanding the Seed Fund Program at SPMVV SIIC–TBI
The Seed Fund Program at SPMVV SIIC–TBI is a part of the Startup India Seed Fund Scheme (SISFS). It provides early-stage financial support to startups to help them move from the proof-of-concept stage to commercialization.
This initiative bridges the critical funding gap that many young startups face when trying to validate their ideas and attract investors.
Funding Structure
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Grant Support – up to ₹20 Lakhs
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For proof-of-concept development, prototype building, and product validation.
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Investment Support – up to ₹50 Lakhs
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Offered as debt or convertible instruments for startups ready to commercialize and scale.
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The funding is released in stages based on milestone achievements, as decided by the evaluation committee at SPMVV SIIC–TBI.
3. Objectives of the Seed Fund Program
The Seed Fund initiative at SPMVV SIIC–TBI aims to:
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Encourage women-led and youth-led innovation-driven startups.
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Support prototype development, testing, and initial commercialization.
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Build a strong entrepreneurship culture in Tier 2 and Tier 3 cities.
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Bridge the gap between research and real-world market applications.
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Foster job creation and inclusive economic growth.
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Promote technology-based solutions for sustainable development.
4. Eligibility Criteria
To apply for incubation or seed funding at SPMVV SIIC–TBI, startups must meet the following eligibility norms:
✅ DPIIT Recognition:
The startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
✅ Legal Entity:
Must be registered as a Private Limited Company, LLP, or Registered Partnership Firm in India.
✅ Startup Age:
Should not be more than 10 years old from the date of incorporation.
✅ Turnover Limit:
Annual turnover should not exceed ₹100 crore in any financial year.
✅ Stage of Development:
Startups must be at the proof-of-concept, prototype, or early commercialization stage.
✅ Innovation Component:
The business idea should be innovative, technology-driven, and have clear market potential.
✅ Funding Status:
Startups that have already received ₹10 lakh or more from SISFS are not eligible.
✅ Special Focus:
Women founders, social enterprises, and startups in sustainability or technology sectors are given preference.
5. Focus Sectors at SPMVV SIIC–TBI
SPMVV SIIC–TBI supports innovation across a broad range of sectors with high potential for growth and social impact.
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AgriTech & Food Processing
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HealthTech & BioTech
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EdTech & FinTech
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Clean Energy & Renewable Technologies
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Artificial Intelligence (AI), Machine Learning (ML), and IoT
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FashionTech & Design Innovation
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Waste Management & Circular Economy
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Social Enterprises & Women-Led Startups
This sector diversity enables the incubator to cater to startups from varied domains, offering specialized mentorship and resources for each.
6. Step-by-Step Guide to Apply for Incubation and Seed Funding
Here’s a detailed process to apply for incubation and funding at SPMVV SIIC–TBI:
Step 1: DPIIT Registration
Ensure that your startup is registered and recognized by the DPIIT on the Startup India portal.
Step 2: Apply via SISFS Portal
Visit the Startup India Seed Fund Scheme Portal (seedfund.startupindia.gov.in) and choose SPMVV SIIC–TBI as your preferred incubator.
Step 3: Fill in Application Details
Provide detailed information such as:
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Startup concept and problem statement.
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Solution overview and innovation element.
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Target market and potential customers.
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Team details and background.
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Prototype readiness and traction (if any).
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Financial requirement and funding milestones.
Step 4: Upload Supporting Documents
Attach documents including:
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Certificate of Incorporation.
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DPIIT Recognition Certificate.
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PAN & KYC of founders.
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Business Plan or Pitch Deck.
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Financial statements or projections.
Step 5: Screening & Evaluation
Your application will be reviewed by SPMVV SIIC–TBI’s expert committee on parameters like:
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Novelty and technical feasibility.
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Market potential and scalability.
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Team strength and entrepreneurial drive.
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Societal and environmental impact.
Step 6: Pitching Session
Shortlisted applicants are invited for an in-person or virtual pitch before the Seed Fund Evaluation Committee, which includes industry experts, mentors, and investors.
Step 7: Selection & Onboarding
Selected startups are formally incubated under SPMVV SIIC–TBI and receive funding in tranches, linked to specific milestones.
7. Benefits of Incubation at SPMVV SIIC–TBI
Joining SPMVV SIIC–TBI offers much more than financial assistance. Startups gain access to a holistic ecosystem designed to ensure long-term success.
✅ Seed Funding Support
Access up to ₹50 lakh in financial assistance for prototype development, market validation, and scaling.
✅ Dedicated Mentorship
Get mentored by a network of IIM professors, successful entrepreneurs, and industry veterans.
✅ Co-working Space & Infrastructure
Use fully equipped office spaces, meeting rooms, and testing facilities within the SPMVV campus.
✅ Investor Connect
Access to venture capitalists, angel networks, and corporate investors through curated demo days and networking events.
✅ Skill Development Programs
Participate in entrepreneurship development workshops, accelerator programs, and investor-readiness training.
✅ Women Entrepreneurship Focus
Special initiatives to support and empower women founders, including leadership development and soft-skill programs.
✅ Access to Research & Technology Support
Collaborate with university labs, faculty, and research experts for product development and validation.
✅ Legal, Financial & IP Support
Receive assistance in company registration, intellectual property filing, compliance, and business advisory services.
8. Success Stories from SPMVV SIIC–TBI
Over the years, SPMVV SIIC–TBI has incubated a number of successful startups that are creating real-world impact.
🌾 Farm2Home Solutions – A women-led AgriTech startup connecting local farmers directly to urban consumers, ensuring fair prices and fresh produce.
🧬 BioHerb Remedies – Specializing in herbal nutraceuticals and sustainable healthcare products for women’s wellness.
💡 GreenScape Technologies – Innovating biodegradable packaging solutions for FMCG companies.
🎓 EduGenius – An EdTech platform providing skill-based online courses for women professionals.
These startups not only showcase innovation but also embody the incubator’s mission — turning local ideas into national enterprises.
9. Why Choose SPMVV SIIC–TBI?
Here’s why entrepreneurs and innovators prefer SPMVV SIIC–TBI over other incubators:
✅ Backed by DST, Startup India, and SISFS — ensuring credibility and strong institutional support.
✅ Located within a premier women’s university, fostering inclusive entrepreneurship.
✅ Access to world-class mentorship, academic expertise, and research resources.
✅ Proven track record of nurturing impact-driven, women-led startups.
✅ End-to-end support — from idea validation to market launch and investor connections.
SPMVV SIIC–TBI doesn’t just fund your idea — it builds your entrepreneurial journey.
10. Contact Information
📍 Address:
SPMVV Society for Innovation Incubation and Entrepreneurship (SIIC–TBI),
Sri Padmavati Mahila Visvavidyalayam,
Padmavathi Nagar, Tirupati – 517502,
Andhra Pradesh, India.
📧 Email: siic@spmvv.ac.in
🌐 Website: www.spmvv.ac.in
Conclusion
The SPMVV Society for Innovation Incubation and Entrepreneurship – Technology Business Incubator is not just a platform; it’s a mission to empower innovation, inclusion, and impact.
By combining government support, academic excellence, and entrepreneurial mentorship, SPMVV SIIC–TBI has become a catalyst for women-led startups and technology-driven enterprises across India.
If you’re a founder ready to turn your innovative idea into a viable business, applying for the Seed Fund and Incubation at SPMVV SIIC–TBI could be your defining step towards success.
Because every great enterprise begins with one opportunity — and SPMVV SIIC–TBI ensures you make it happen.
