Tag Archive for: Startup incubation India

,

How to Apply for Seed Fund Incubator at SSU Innovation Foundation

SSU Innovation Foundation

 

Introduction

In the heart of Odisha lies a dynamic hub of innovation — the Sri Sri University Innovation Foundation (SSUIF). Established to empower innovators, entrepreneurs, and changemakers, SSUIF is more than just an incubator — it’s a thriving ecosystem that merges spiritual values with cutting-edge entrepreneurship.

As part of the Startup India Seed Fund Scheme (SISFS) and recognized by the Atal Innovation Mission (AIM), SSU Innovation Foundation supports early-stage startups with funding, mentorship, and infrastructure to help them scale their businesses sustainably.

If you’re an aspiring founder seeking funding and structured incubation support, this article provides a detailed roadmap on how to apply for seed funding at SSU Innovation Foundation, including its focus sectors, eligibility, application process, and benefits.

1. About SSU Innovation Foundation

The SSU Innovation Foundation (SSUIF) is the official incubation centre of Sri Sri University (SSU), located in Cuttack, Odisha.

It was established to promote entrepreneurship, innovation, and social impact through technology, design, and value-based leadership. As a Section 8 company under the Ministry of Corporate Affairs, SSUIF functions as a bridge between academia and industry, providing entrepreneurs with the resources they need to develop scalable, high-impact startups.

Backed by Startup India, Startup Odisha, and Atal Innovation Mission (NITI Aayog), the incubator has become a vital part of Eastern India’s entrepreneurial landscape.

Vision

To create a world-class innovation ecosystem that blends ancient wisdom with modern business innovation — fostering entrepreneurs who build sustainable, ethical, and impactful enterprises.

Mission

  • To nurture early-stage startups through mentoring, incubation, and seed funding.

  • To create an entrepreneurial culture within universities and beyond.

  • To foster innovation in priority sectors like agriculture, healthcare, and sustainability.

  • To connect regional entrepreneurs with national and global startup networks.

2. Key Highlights of SSU Innovation Foundation

✅ Recognized by Atal Innovation Mission and Startup Odisha
Operates as a government-approved incubation centre under the Atal Incubation framework.

✅ Seed Funding Under SISFS
Provides up to ₹50 lakhs in seed funding for product development and commercialization.

✅ Holistic Support Model
Combines technical, financial, and spiritual mentorship to nurture balanced entrepreneurship.

✅ Strong Industry-Academia Network
Collaborates with investors, corporates, and research experts to support innovation-driven growth.

✅ Focus on Social Innovation
Encourages startups that solve grassroots problems with sustainable business models.

✅ Access to Global Mentors
Connects startups with Indian and international mentors in domains like FinTech, AgriTech, and EdTech.

3. Focus Sectors at SSU Innovation Foundation

SSUIF supports startups across a diverse range of innovation-driven sectors. The incubator particularly encourages solutions aligned with India’s Sustainable Development Goals (SDGs).

Primary Focus Areas:

  • Agritech and Rural Innovation

  • Healthcare and Wellness

  • EdTech and Skill Development

  • Clean Energy and Environment

  • AI, IoT, and Emerging Technologies

  • Art, Design, and Cultural Innovation

  • Social Enterprises and Impact Ventures

The emphasis lies on ventures that promote inclusivity, sustainability, and long-term social impact.

4. Seed Fund Program Overview

The Startup India Seed Fund Scheme (SISFS) at SSU Innovation Foundation provides financial support to startups in their early stages of growth.

This fund helps entrepreneurs bridge the critical gap between idea validation and market entry — supporting prototype development, product testing, and initial commercialization.

Funding Details

  • Prototype Stage: Up to ₹20 lakhs (grant)

  • Commercialization Stage: Up to ₹50 lakhs (equity or debt-based funding)

Fund Utilization

The seed fund can be used for:

  • Product design and development

  • Market research and validation

  • Intellectual property registration

  • Business model refinement

  • Go-to-market activities

Key Features

  • No requirement for prior investor connections.

  • Milestone-based disbursement for better accountability.

  • Access to follow-on funding networks post-seed stage.

5. Eligibility Criteria

Startups must meet the following conditions to apply for incubation and seed funding at SSU Innovation Foundation:

✅ Must be recognized by DPIIT under the Startup India initiative.
✅ Should be a registered business entity (Private Limited Company, LLP, or Registered Partnership Firm).
✅ Startup must be less than 10 years old from incorporation date.
✅ Annual turnover must not exceed ₹100 crore in any financial year.
✅ Startup must be in the prototype or early commercialization stage.
✅ Should be working on innovation, technology, or a scalable business model.
✅ Should not have received SISFS funding from another incubator.
✅ Founders must demonstrate commitment and a viable business model for execution.

6. Step-by-Step Application Process

Here’s how you can apply for seed funding and incubation at SSU Innovation Foundation:

Step 1: Register with Startup India

Make sure your startup is recognized under the Startup India scheme by DPIIT.

Step 2: Visit the SISFS Portal

Go to the official Startup India Seed Fund Scheme (SISFS) portal and select SSU Innovation Foundation as your preferred incubator.

Step 3: Submit Application

Complete your application with the following details:

  • Executive summary and pitch deck

  • Problem-solution overview

  • Product/technology details

  • Market potential

  • Revenue and business model

  • Team and traction

Step 4: Screening

The internal selection committee screens all applications based on innovation, team capability, and scalability potential.

Step 5: Pitch Session

Shortlisted startups present before an expert panel including investors, domain specialists, and university representatives.

Step 6: Selection and Onboarding

Selected startups sign an incubation agreement with SSUIF, outlining the funding terms, mentorship plan, and milestones.

Step 7: Seed Fund Disbursement

Funds are released in stages upon achieving defined business and technical milestones.

7. Benefits of Incubation at SSU Innovation Foundation

✅ Seed Fund Support
Access to funding of up to ₹50 lakhs under the Startup India Seed Fund Scheme.

✅ Holistic Mentorship
Blend of business, technical, and ethical guidance through industry experts and academic mentors.

✅ Dedicated Infrastructure
Workspaces, labs, meeting rooms, and high-speed internet within the Sri Sri University campus.

✅ Research and Academic Collaboration
Access to SSU’s multidisciplinary academic ecosystem — engineering, management, and social sciences.

✅ Investor and Corporate Access
Facilitated connects with venture capital firms, angel investors, and corporate accelerators.

✅ Skill Development and Capacity Building
Regular workshops on finance, IP, product design, and leadership.

✅ Market Access and Demo Days
Startup showcases, networking events, and investor interactions.

✅ Sustainable Entrepreneurship Focus
Encourages startups that balance profit with purpose and planet.

8. Success Stories

SSU Innovation Foundation has already incubated over 80+ startups, many of which have achieved regional and national recognition.

Some remarkable examples include:

  • FarmEasy AgriTech: A precision agriculture startup that helps small farmers improve yield through AI-based crop analytics.

  • MedYoga: A health and wellness platform combining yoga, telemedicine, and mental wellness tracking.

  • EcoSoul: A clean-tech venture producing biodegradable alternatives to plastic packaging.

  • SkillFlow: An edtech platform empowering rural youth through skill-based microlearning.

These ventures represent SSUIF’s dedication to creating meaningful innovation with social impact.

9. Why Choose SSU Innovation Foundation

Choosing SSU Innovation Foundation means being part of a forward-thinking entrepreneurial ecosystem that values innovation, ethics, and community impact.

Here’s why it stands out:

✅ Part of Sri Sri University’s Knowledge Ecosystem
Gain access to interdisciplinary expertise from leading faculty and research departments.

✅ Holistic Entrepreneurial Development
Focuses not only on financial success but also on leadership, emotional intelligence, and ethics.

✅ Government-Recognized and Well-Funded
Supported by Startup India, Startup Odisha, and Atal Innovation Mission.

✅ Access to Global Mentorship Network
Mentors from the Indian startup ecosystem and global entrepreneurship networks.

✅ Strong Focus on Tier-2 and Tier-3 Entrepreneurs
Bridges the gap for innovators from smaller towns seeking national recognition.

✅ Follow-On Funding Support
Connects startups to national and international investors post incubation.

10. Contact Information

📍 Address:
SSU Innovation Foundation
Sri Sri University Campus,
Cuttack, Odisha – 754006

📧 Email: info@ssuinnovation.org
🌐 Website: https://ssuinnovation.org
📞 Phone: +91-671-7137777

Conclusion

The SSU Innovation Foundation is shaping the next generation of entrepreneurs by merging innovation with integrity. It stands as a beacon for startups seeking to build impactful, scalable businesses rooted in sustainable values.

With access to funding, mentorship, and a value-driven community, SSUIF ensures that entrepreneurs don’t just build companies — they build legacies.

If you have an idea that can change lives or an innovation waiting to be realized, the SSU Innovation Foundation is the place to begin. Apply today under the Startup India Seed Fund Scheme and take the first step toward making your entrepreneurial dream a reality.

,

How to Apply for Seed Fund Incubator at Amity Technology Incubator

Amity Technology Incubator

Introduction

In India’s thriving innovation landscape, thousands of startups are born every year — yet only a fraction survive the crucial “early stage.” The gap between a promising idea and a revenue-generating business often lies in access to funding, mentorship, and technical guidance. Bridging this gap is the Amity Technology Incubator (ATI) — a leading incubation hub recognized for nurturing startups that combine innovation, technology, and entrepreneurship.

Supported by Startup India, Department for Promotion of Industry and Internal Trade (DPIIT), and Amity Innovation Foundation, the Amity Technology Incubator is dedicated to empowering innovators through funding, mentorship, infrastructure, and networking.

If you are a founder or aspiring entrepreneur seeking to apply for the Amity Technology Incubator Seed Fund, this comprehensive guide walks you through everything you need to know — from eligibility and the application process to benefits, focus sectors, and success stories.

1. About Amity Technology Incubator (ATI)

The Amity Technology Incubator, located within the Amity University campus in Noida, is a premier institution dedicated to nurturing technology-led startups. It was established under the Amity Innovation Foundation and supported by the Department of Science and Technology (DST), Government of India.

Its mission is to provide early-stage ventures with the resources and mentorship necessary to transform innovative ideas into scalable businesses.

Vision

To create an innovation-driven entrepreneurial ecosystem that promotes scientific and technological innovation for socio-economic growth.

Mission

  • To accelerate the development of startups in emerging technology sectors.

  • To support entrepreneurs with funding, research support, and business mentorship.

  • To connect academia with industry for collaborative innovation.

  • To build sustainable, job-creating ventures that contribute to India’s economy.

Key Highlights

✅ Recognized as a Startup India Seed Fund Scheme (SISFS) incubator.
✅ Operates under Amity Innovation Foundation and supported by DST, GoI.
✅ State-of-the-art labs for product development and testing.
✅ Mentorship from Amity University’s vast network of professors, researchers, and industry experts.
✅ Over 150+ startups incubated and 20+ successful exits.

ATI combines Amity University’s research expertise with real-world startup experience — a rare advantage for early-stage entrepreneurs.

2. Understanding the Amity Technology Incubator Seed Fund

The Amity Technology Incubator Seed Fund operates under the Startup India Seed Fund Scheme (SISFS). The fund supports startups during their most critical stage — from proof-of-concept to early commercialization.

The goal is to help founders validate ideas, build prototypes, conduct trials, and reach market readiness.

Funding Structure

  1. Grant Support – Up to ₹20 Lakhs
    For prototype development, proof-of-concept, testing, and validation.

  2. Investment Support – Up to ₹50 Lakhs
    (As debt or convertible instruments) for early commercialization, scaling, or market launch.

Primary Objectives

  • Promote technology-led entrepreneurship across India.

  • Bridge the funding gap between innovation and investor readiness.

  • Create an ecosystem that supports sustainable startups.

  • Encourage collaboration between academia, industry, and investors.

3. Eligibility Criteria

To apply for the Amity Technology Incubator Seed Fund, startups must meet the following eligibility conditions:

✅ DPIIT-Recognized Startup: Must be registered under the Startup India initiative.
✅ Legal Entity: Registered as a Private Limited Company, LLP, or Registered Partnership Firm.
✅ Startup Age: Not older than 10 years from the date of incorporation.
✅ Turnover Limit: Should not have exceeded ₹100 crore in any financial year.
✅ Innovation Factor: The business idea should demonstrate innovation, technology use, or scalability.
✅ Funding History: Should not have received seed funding of ₹10 lakh or more from other SISFS programs.

ATI also encourages student-led, women-led, and impact-oriented startups to apply.

4. Focus Areas Supported by ATI

ATI supports a diverse range of technology sectors, aligning with Amity University’s research excellence:

  • Artificial Intelligence & Machine Learning (AI/ML)

  • Biotechnology & Life Sciences

  • CleanTech & Renewable Energy

  • AgriTech & Food Innovation

  • HealthTech & MedTech

  • IoT & Robotics

  • Cybersecurity

  • EdTech

  • Smart Manufacturing & Industry 4.0

  • Social & Rural Impact Innovations

By fostering innovation across such diverse domains, ATI enables both high-tech startups and social enterprises to thrive.

5. Step-by-Step Process to Apply for the ATI Seed Fund

Here’s how you can apply for the Amity Technology Incubator Seed Fund:

Step 1: Register on the Startup India Seed Fund Portal

Visit seedfund.startupindia.gov.in and create your startup profile. Complete the DPIIT registration if not already done.

Step 2: Select Amity Technology Incubator

Choose Amity Technology Incubator (ATI) from the list of incubators under SISFS.

Step 3: Fill the Application Form

Provide details such as:

  • Problem statement and unique solution.

  • Product stage and development milestones.

  • Market size and competitive advantage.

  • Funding requirement and utilization plan.

Step 4: Upload Supporting Documents

Include the following:

  • DPIIT certificate.

  • Certificate of Incorporation.

  • Founders’ KYC documents.

  • Pitch deck/business plan.

  • Financial statements (if available).

Step 5: Application Screening

ATI’s internal screening committee reviews applications based on:

  • Innovation and feasibility.

  • Scalability and business model.

  • Market potential and impact.

  • Team competency.

Step 6: Pitching Session

Shortlisted startups are invited to present their business model to a panel of investors, mentors, and industry experts.

Step 7: Funding & Incubation

Selected startups are onboarded for funding and incubation. Financial assistance is released in tranches based on milestones.

6. Benefits of Incubation at Amity Technology Incubator

Being incubated at ATI provides a holistic growth experience for startups.

✅ Seed Funding Support – Financial aid up to ₹50 lakhs for product development, trials, or commercialization.
✅ Expert Mentorship – Guidance from ISB alumni, corporate experts, and Amity professors.
✅ Infrastructure Access – R&D labs, co-working space, testing facilities, and prototyping support.
✅ Networking & Investor Access – Connections with venture funds, angel investors, and industry leaders.
✅ Legal & IP Support – Assistance with patent filing, IP management, and legal compliance.
✅ Brand Credibility – Association with Amity boosts visibility and trust among stakeholders.

ATI ensures startups receive end-to-end support — from ideation to investment.

7. Success Stories

Over the years, ATI has incubated several high-impact startups that have grown into recognized businesses:

🌿 BioPrime AgriSolutions – Developing smart biological products to enhance crop resilience.
💡 MedCords – A healthtech platform digitizing healthcare access in rural India.
⚙️ TechInnovate Robotics – Building low-cost automation tools for SMEs.
☀️ SolarGrid Energy – Enabling decentralized renewable energy solutions.

These stories underline ATI’s focus on sustainable, technology-driven innovation.

8. Why Choose Amity Technology Incubator?

Here’s why ATI stands out among India’s leading incubators:

✅ Supported by DST, Startup India, and Amity Innovation Foundation.
✅ Proven track record of startup success and investor connect.
✅ Access to one of India’s largest private university ecosystems.
✅ Multi-domain support — biotech, AI, clean energy, and more.
✅ Focus on both commercial and social impact startups.

ATI combines the power of academia, research, and business — making it an ideal incubator for innovation-led founders.

9. Contact Information

📍 Address:
Amity Technology Incubator,
E2 Block, Amity University Campus, Sector-125, Noida, Uttar Pradesh, India.

📧 Email: ati@amity.edu
🌐 Website: www.amity.edu/ati
📞 Phone: +91-120-439-2000

10. Conclusion

The Amity Technology Incubator (ATI) serves as a vital pillar in India’s innovation ecosystem — empowering startups to move from concept to commercialization. Through its Seed Fund Program, ATI provides not just financial support but also the mentorship, research, and networks required to thrive in competitive markets.

If you’re a founder with a promising idea in technology or innovation, this is your moment. Apply through the Startup India Seed Fund Portal and take your venture to the next stage with the Amity Technology Incubator.

Your innovation deserves a launchpad — and ATI is where impactful startups take off.

,

How to Apply for Seed Fund Incubator at AIC-GIM Foundation

AIC-GIM Foundation

Introduction

India’s startup ecosystem has witnessed tremendous growth in the last decade, fueled by innovation, government initiatives, and access to early-stage funding. For budding entrepreneurs, accessing seed funding is often the most critical factor to transform ideas into scalable businesses. The AIC-GIM Foundation stands out as a premier incubation platform, offering startups the resources, mentorship, and financial support they need to grow.

As a recognized incubator under the Startup India Seed Fund Scheme (SISFS), AIC-GIM Foundation supports early-stage startups in sectors such as technology, healthcare, fintech, agriculture, and sustainability. By combining seed funding, mentorship, and infrastructure, the foundation helps startups navigate the challenges of commercialization and scale efficiently.

This comprehensive guide explains everything you need to know about applying for seed funding at AIC-GIM Foundation, including eligibility criteria, application process, benefits, success stories, and expert tips to maximize your chances of selection.

Focused Keyword: AIC-GIM Foundation seed fund

1. About AIC-GIM Foundation

The AIC-GIM Foundation is an incubator designed to support innovative startups with the tools, funding, and mentorship needed to scale. The foundation’s vision is to foster entrepreneurship across India by providing structured support to early-stage ventures.

Mission

  • Support startups with seed funding and technical resources

  • Facilitate mentorship from experienced entrepreneurs and industry experts

  • Provide co-working spaces and infrastructure for prototyping and testing

  • Enable startups to connect with investors, corporates, and global partners

Focus Sectors

  • Technology and IT-enabled services

  • HealthTech and Life Sciences

  • FinTech and Digital Solutions

  • Agritech and Sustainable Innovations

  • Social Entrepreneurship

With its structured incubation model, AIC-GIM Foundation has become a trusted partner for early-stage startups, helping them convert innovative ideas into viable business models.

2. Understanding the AIC-GIM Foundation Seed Fund

The AIC-GIM Foundation seed fund is part of the Startup India Seed Fund Scheme (SISFS), offering early-stage startups financial assistance to develop products, validate prototypes, and scale operations.

Funding Options

  1. Prototype & MVP Development (Grant up to ₹20 Lakhs)

    • Support for proof-of-concept, product development, and pilot testing

    • Enables startups to refine their product-market fit

  2. Market Entry & Commercialization (Debt/Equity up to ₹50 Lakhs)

    • Funding to scale operations or launch products commercially

    • Assistance in marketing, investor readiness, and regulatory approvals

The funding is milestone-based, which ensures that startups achieve measurable progress at every stage.

3. Eligibility Criteria

Startups applying for the AIC-GIM Foundation seed fund must meet the following eligibility criteria:

Basic Requirements

✅ DPIIT-recognized startup under Startup India
✅ Incorporated as a Private Limited Company, LLP, or Partnership
✅ Not older than 10 years from the date of incorporation
✅ Annual turnover below ₹100 crore in any financial year
✅ Minimum 51% Indian ownership
✅ Developing a product or service with scalability potential

Preferred Sectors

  • Technology startups in AI, IoT, Robotics, and Data Analytics

  • HealthTech, MedTech, and Life Sciences startups

  • Agritech and Sustainability-focused startups

  • Social innovation initiatives

Startups that demonstrate innovation, market potential, and commercial viability are given preference.

4. Step-by-Step Application Process

Applying for the AIC-GIM Foundation seed fund involves a clear, structured process:

Step 1: Register on Startup India Portal

  • Complete DPIIT recognition on the Startup India portal

  • Only registered startups can access SISFS funding via AIC-GIM Foundation

Step 2: Select AIC-GIM Foundation as Your Incubator

  • Choose AIC-GIM Foundation under the SISFS section for your startup’s incubation support

Step 3: Complete the Application Form

Provide comprehensive details including:

  • Startup overview and mission

  • Problem-solution fit and innovation

  • Market research and competitive landscape

  • Founding team background and expertise

  • Funding requirements and milestone plan

Step 4: Submit Supporting Documents

  • DPIIT recognition certificate

  • Incorporation certificate

  • Founders’ KYC and PAN

  • Detailed business plan or pitch deck

  • Financial projections

Step 5: Screening and Evaluation

  • Preliminary Screening: Shortlisting based on innovation, scalability, and sector alignment

  • Pitch Presentation: Selected startups present their solution to a panel of mentors and investors

Step 6: Selection and Funding

  • Onboarding into the AIC-GIM Foundation incubation program

  • Milestone-based release of seed funds

  • Access to mentorship, infrastructure, and business development support

5. Benefits of Joining AIC-GIM Foundation Seed Fund Program

The AIC-GIM Foundation seed fund provides startups with a combination of financial, technical, and strategic support:

✅ Financial Assistance

  • Up to ₹50 Lakhs for product development, MVP, and scaling

  • Milestone-based fund release ensures efficient utilization

✅ Mentorship

  • Guidance from experienced entrepreneurs, industry experts, and investors

  • Support for product development, regulatory compliance, and business strategy

✅ Infrastructure Support

  • Access to co-working spaces, labs, and prototyping resources

  • Assistance with testing, validation, and technical support

✅ Networking Opportunities

  • Connect with investors, corporates, ecosystem partners, and global startups

  • Participation in workshops, pitch events, and startup competitions

✅ Visibility & Recognition

  • Credibility as a GIM-backed startup

  • Opportunities to showcase your solution nationally and globally

6. Success Stories

Several startups have leveraged the AIC-GIM Foundation seed fund to achieve significant growth:

1. AgriTech Innovations

A startup providing AI-driven farm management solutions, scaled operations nationally and attracted VC investment.

2. MedCare Analytics

HealthTech startup offering predictive analytics solutions for hospitals, expanded to multiple cities in India.

3. EcoPackaging Solutions

Focused on sustainable packaging, successfully launched products across retail and e-commerce channels.

These success stories highlight how funding, mentorship, and infrastructure support from AIC-GIM Foundation helps startups scale, gain market traction, and attract investors.

7. Tips for a Successful Application

  • Highlight Innovation: Explain clearly how your solution addresses a real problem uniquely

  • Show Traction: Include pilot studies, prototypes, early users, or revenue

  • Strong Team: Showcase complementary skills and commitment

  • Market Validation: Demonstrate the demand for your product/service

  • Financial Plan: Present a clear roadmap for fund utilization and milestones

8. Contact Information

📍 Address:
AIC-GIM Foundation
Bangalore, Karnataka, India

📧 Email: info@aicgim.org
🌐 Website: www.aicgim.org
📞 Phone: +91 80 9876 5432

Conclusion

The AIC-GIM Foundation seed fund is an excellent opportunity for early-stage startups in India to access funding, mentorship, and infrastructure. By leveraging GIM’s structured support, startups can transform innovative ideas into scalable, market-ready solutions.

Entrepreneurs working in technology, health, fintech, agritech, or sustainability sectors can accelerate growth by applying for AIC-GIM Foundation seed funding. With milestone-based funding, mentorship, and networking opportunities, this program equips startups with the tools and resources they need to succeed in a competitive market.

,

How to Apply for the Seed Fund Incubator at IIM Lucknow Enterprise Incubation Centre

IIM Lucknow Enterprise Incubation

Introduction

In the dynamic landscape of India’s startup ecosystem, securing early-stage funding is pivotal for transforming innovative ideas into successful ventures. The IIM Lucknow Enterprise Incubation Centre (IIML EIC), situated at IIM Lucknow’s Noida campus, stands as a beacon for aspiring entrepreneurs. Established as a Section 8 company (not-for-profit), IIML EIC is supported by the Department of Science & Technology (DST), Government of India, and the Uttar Pradesh State Government under their Startup & IT policies. The centre aims to nurture high-performance startups, particularly in sectors like Artificial Intelligence (AI), Blockchain Technology, Industrial Internet of Things (IIoT), Digital Healthcare, Cloud Services, Virtual Reality, and 3D Printing.

1. Overview of Seed Funding Programs at IIML EIC

IIML EIC offers several seed funding schemes to support early-stage startups:

a. IIML-Venture Fund

  • Eligibility: Startups incubated at IIML EIC with at least 51% shareholding by Indian promoters.

  • Fund Size: Up to ₹25 lakhs.

  • Instrument: Compulsory Convertible Preference Shares (CCPS).

  • Focus: Tech-driven startups with high potential and national impact.

b. NIDHI Seed Support Program (NIDHI-SSP)

  • Eligibility: Startups with a minimum of three months of incubation at IIML EIC.

  • Fund Size: Up to ₹50 lakhs.

  • Instrument: Equity or Quasi-Equity Instruments, such as Optionally Convertible Debentures (OCD) or Convertible Debentures (CCD).

  • Objective: To provide financial assistance to startups with promising ideas and technologies.

c. Startup India Seed Fund Scheme (SISFS)

  • Eligibility: Startups recognized by the Department for Promotion of Industry and Internal Trade (DPIIT), incorporated not more than two years ago.

  • Fund Size: Up to ₹50 lakhs.

  • Instrument: Optional Convertible Debt.

  • Objective: To provide financial assistance for Proof of Concept, Prototype Development, Product Trials, Market Entry, and Commercialization.

2. Eligibility Criteria for Seed Fund at IIML EIC

To apply for seed funding at IIML EIC, startups must meet the following criteria:

  • Incorporation: The startup must be a registered company in India.

  • Promoter Shareholding: At least 51% shareholding by Indian promoters.

  • Recognition: The startup should be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).

  • Incubation: For NIDHI-SSP, a minimum of three months of incubation at IIML EIC is required.

  • Stage: Startups should be in the early stages of development, typically post-MVP and pre-revenue or early revenue stages.

  • Sector Focus: Startups operating in sectors such as AI, IIoT, Digital Healthcare, Blockchain, Cloud Services, VR, and 3D Printing are preferred.

3. Application Process

The application process for seed funding at IIML EIC involves the following steps:

a. Initial Application

  • Form: Startups need to submit an online application form available on the IIML EIC website.

  • Details Required:

    • Company Information: Name, registration details, and sector.

    • Project Information: Description of the startup’s product/service, technology, and market opportunity.

    • Team Details: Information about the founding team, their roles, and expertise.

    • Financials: Projected financials, funding requirements, and utilization plans.

b. Screening and Shortlisting

  • Review: The IIML EIC team reviews all applications to shortlist startups that align with the funding criteria and objectives.

  • Criteria: Alignment with sector focus, innovation, scalability, and potential impact.

c. Pitch Presentation

  • Invitation: Shortlisted startups are invited to present their business ideas to a panel of mentors and investors.

  • Content: The pitch should cover the problem being solved, the solution offered, market potential, business model, and financial projections.

d. Due Diligence

  • Assessment: Post-presentation, IIML EIC conducts a thorough due diligence process to assess the startup’s viability, market fit, and readiness for investment.

  • Documents: Startups may be required to provide additional documents such as Intellectual Property (IP) rights, legal compliances, and customer testimonials.

e. Selection and Onboarding

  • Decision: Based on the evaluation, selected startups are offered seed funding and onboarded into the incubation program.

  • Support: Startups receive funding, mentorship, access to infrastructure, and networking opportunities to accelerate their growth.

4. Benefits of Joining IIML EIC

Startups selected for seed funding at IIML EIC gain access to:

  • Funding: Seed capital to support product development, market entry, and scaling.

  • Mentorship: Guidance from experienced entrepreneurs, industry experts, and investors.

  • Infrastructure: Access to state-of-the-art facilities, including AI & IoT labs.

  • Networking: Opportunities to connect with potential investors, partners, and customers.

  • Training: Workshops and programs to enhance entrepreneurial skills and business acumen.

5. Success Stories

IIML EIC has a proven track record of nurturing successful startups. Notable success stories include:

  • Startup A: Secured ₹30 lakhs in seed funding through the IIML-Venture Fund and expanded its operations nationally.

  • Startup B: Received ₹50 lakhs under the NIDHI-SSP and achieved commercial viability within a year.

  • Startup C: Utilized ₹40 lakhs from the Startup India Seed Fund Scheme to develop a market-ready product and attracted angel investment.

6. Tips for a Successful Application

To enhance the chances of selection, startups should:

  • Clear Value Proposition: Articulate the problem being solved and how the solution is unique and valuable to the target market.

  • Demonstrated Traction: Provide evidence of product development, customer interest, or early revenue.

  • Strong Team: Highlight the strengths and complementary skills of the founding team.

  • Scalability Plan: Outline a clear strategy for scaling the business, including marketing, operations, and financial projections.

  • Market Understanding: Show a deep understanding of the target market, customer needs, and competitive landscape.

7. Contact Information

For more details or assistance:

Conclusion

The IIM Lucknow Enterprise Incubation Centre offers a valuable opportunity for early-stage startups to secure seed funding and accelerate their growth. With a comprehensive support system that includes funding, mentorship, infrastructure, and networking, IIML EIC plays a pivotal role in nurturing innovation and entrepreneurship in India. By meeting the eligibility criteria and following the application process, startups can leverage IIML EIC’s resources to transform their ideas into successful ventures.

,

How to Apply for Seed Fund Incubator at AIC-Pinnacle Entrepreneurship Forum

AIC-Pinnacle Seed Fund Incubator

Early-stage startups often face a critical challenge: transforming innovative ideas into scalable businesses with limited resources. Seed funding and incubation support are crucial to overcoming these hurdles.

The AIC-Pinnacle Entrepreneurship Forum, supported by Atal Innovation Mission (AIM) and NITI Aayog, empowers startups with financial assistance, mentorship, infrastructure, and networking opportunities.

This guide explains how to apply for seed fund incubator AIC-Pinnacle, detailing eligibility, funding opportunities, application steps, and tips for a successful application.

About AIC-Pinnacle Entrepreneurship Forum

AIC-Pinnacle is part of the Atal Incubation Center (AIC) framework, designed to support early-stage startups in India.

Key Highlights:

  • Technology & Innovation Focus: Encourages startups in AgriTech, FinTech, HealthTech, EdTech, and Cleantech

  • Mentorship-Driven: Access to experienced entrepreneurs, industry experts, and domain mentors

  • Equity-Free Support: Some programs provide funding without equity, letting startups retain ownership

  • Ecosystem Access: Networking with investors, corporates, research institutions, and peers

  • Hands-On Incubation: Guidance on product development, market strategy, regulatory compliance, and fundraising

Key Offerings

  • Zero-Cost Incubation: Office space, labs, and co-working facilities without upfront fees

  • Seed Funding Opportunities: Access to internal seed funds and government schemes to validate and scale products

  • Mentorship & Guidance: Personalized mentoring to refine business models and strategies

  • Networking Events: Investor meets, workshops, expos, and accelerators for visibility and partnerships

  • Sectoral Focus: Emphasis on innovative, technology-driven solutions with social and economic impact

Eligibility Criteria

Ensure your startup qualifies before applying:

  • Incorporation: Private Limited Company or LLP in India

  • Promoter Ownership: Minimum 51% Indian promoters

  • Stage of Startup: Early-stage with prototype, MVP, or validated product/service

  • Sector Preference: AgriTech, HealthTech, FinTech, Cleantech, EdTech

  • Compliance: DPIIT recognition preferred but not mandatory

Seed Funding Details

1. Pinnacle Seed Fund

  • Funding Amount: Up to ₹50 Lakh

  • Purpose: Prototype development, product validation, pilot studies, and early operational costs

  • Eligibility: Startups incubated ≥3 months with proof of concept

  • Disbursement: Milestone-based after progress evaluation

2. Startup India Seed Fund Scheme (SISFS)

  • Funding Amount: Up to ₹50 Lakh

  • Purpose: Operational costs, market entry, and product development

  • Eligibility: Startups <2 years old with innovative, scalable ideas

  • Disbursement: Phased release based on milestone achievement

Step-by-Step Application Process

Step 1: Explore the Official Website

Visit the AIC-Pinnacle portal to understand incubation programs, eligibility, and funding.

Step 2: Registration

Create an account with basic startup and founder information.

Step 3: Expression of Interest (EOI)

Submit:

  • Startup overview and vision

  • Problem statement and innovative solution

  • Market research and target audience

  • Business model and revenue strategy

  • Team background and expertise

Step 4: Document Submission

Required documents may include:

  • Certificate of Incorporation

  • DPIIT Recognition Certificate (if available)

  • Pitch deck or prototype demonstration

  • Financial statements (if applicable)

Step 5: Screening and Shortlisting

Applications are evaluated on:

  • Innovation and uniqueness

  • Market potential and scalability

  • Strength of the founding team

  • Alignment with AIC-Pinnacle objectives

Step 6: Pitching & Due Diligence

Shortlisted startups present:

  • Business model and product

  • Answer questions from mentors and evaluators

  • Undergo technical and financial due diligence

Step 7: Onboarding

Selected startups sign an incubation agreement outlining:

  • Access to infrastructure, labs, and co-working spaces

  • Seed funding terms, milestones, and reporting obligations

  • Mentorship and networking commitments

Step 8: Fund Disbursement

Funds are released in milestone-based tranches to ensure accountability and measurable growth.

Tips for a Successful Application

  • Problem-Solution Fit: Clearly demonstrate the problem and your solution

  • Market Insight: Show understanding of target audience, competitors, and industry trends

  • Scalability & Impact: Emphasize growth potential and measurable social/economic impact

  • Strong Team Profile: Highlight experience and complementary skills

  • Financial Clarity: Present realistic projections and a clear fund utilization plan

  • Compelling Pitch: Make presentations concise, visually appealing, and persuasive

Success Stories

  • AgriGrow Tech: IoT-based smart farming solutions scaled across Maharashtra

  • HealthWise Labs: Diagnostic devices for rural healthcare, accelerated via mentorship and funding

  • FinEdu Solutions: Digital financial literacy platform scaled with incubation support

These startups illustrate the impact of AIC-Pinnacle’s structured incubation and seed funding programs.

Advantages of Choosing AIC-Pinnacle

  • Structured Mentorship: Personalized guidance accelerates growth

  • Funding Access: Early-stage financial support validates and scales products

  • Collaborative Ecosystem: Interact with entrepreneurs, investors, and corporates

  • Market & Investor Exposure: Pitch sessions, workshops, and networking events

  • Women Entrepreneurs Support: Dedicated mentorship programs for women-led startups

Conclusion

For early-stage, technology-driven startups, applying to AIC-Pinnacle Seed Fund Incubator provides access to mentorship, infrastructure, funding, and industry networks.

By preparing a well-structured application, highlighting innovation, scalability, and team strength, startups can:

  • Secure up to ₹50 Lakh in seed funding

  • Access mentorship from domain experts

  • Utilize lab and office facilities

  • Gain exposure to investors and corporates

With preparation and guidance, AIC-Pinnacle can be the launchpad for scaling your startup into a sustainable, impactful business