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How to Apply for Seed Fund Incubator at SJCE-STEP

SJCE-STEP

Introduction

In India’s growing innovation ecosystem, engineering institutions have played a crucial role in shaping the next generation of entrepreneurs. Among these, SJCE-STEP (Science and Technology Entrepreneurs Park, Sri Jayachamarajendra College of Engineering) stands out as one of the earliest and most successful technology incubation centers in the country.

Founded with a vision to bridge the gap between academia, research, and entrepreneurship, SJCE-STEP has empowered hundreds of startups to transform ideas into impactful ventures.

Aligned with the Startup India Seed Fund Scheme (SISFS) by the Department for Promotion of Industry and Internal Trade (DPIIT), SJCE-STEP now offers a structured Seed Fund Program that supports early-stage startups with funding, incubation, and mentoring support.

If you are an aspiring founder looking to turn your idea into a scalable business, this detailed article will guide you through how to apply for the SJCE-STEP Seed Fund, eligibility criteria, key benefits, and why this incubator has become a trusted launchpad for innovators across Karnataka and beyond.

1. About SJCE-STEP: Nurturing Innovation for Over Three Decades

The Science and Technology Entrepreneurs Park (SJCE-STEP) was established in 1985 at the Sri Jayachamarajendra College of Engineering (SJCE), Mysuru, with the support of:

  • Department of Science and Technology (DST), Government of India

  • Government of Karnataka

  • All India Council for Technical Education (AICTE)

The objective was simple yet revolutionary — to promote technology-based entrepreneurship by providing incubation, technical support, and access to academic expertise for startups.

Over the years, SJCE-STEP has become one of the oldest and most respected incubators in India, known for fostering innovation, nurturing entrepreneurs, and building sustainable businesses.

Mission

To create an ecosystem that transforms innovative ideas into successful enterprises through mentorship, funding, and world-class incubation support.

Vision

To be a center of excellence in entrepreneurship development, innovation, and technology commercialization.

Achievements at a Glance

  • 400+ startups mentored and incubated

  • 150+ startups funded and scaled successfully

  • 50+ technology transfers and patents supported

  • Recognized by DST, GoI as a leading Technology Business Incubator (TBI)

  • Collaboration with industry leaders, R&D labs, and academic experts

2. Understanding the SJCE-STEP Seed Fund Program

The SJCE-STEP Seed Fund Program is part of the Startup India Seed Fund Scheme (SISFS), initiated by DPIIT.

Its purpose is to help early-stage startups overcome initial financial hurdles — from prototype validation to product commercialization.

The program provides financial assistance, incubation, mentoring, and networking opportunities to help entrepreneurs convert innovative ideas into market-ready products.

Objectives of the Program

  • To bridge the funding gap between idea validation and venture capital investment.

  • To encourage innovation-driven entrepreneurship in technology and manufacturing sectors.

  • To create sustainable startups that contribute to India’s economic growth.

Funding Categories

  1. Grant Support (Up to ₹20 Lakhs):
    For proof of concept, prototype development, product testing, and validation.

  2. Equity or Convertible Debt (Up to ₹50 Lakhs):
    For startups entering the commercialization or early scaling phase.

Sectors Supported

SJCE-STEP supports a wide range of innovation-driven domains, including:

  • Manufacturing & Industrial Technology

  • Internet of Things (IoT)

  • Electronics & Embedded Systems

  • Renewable Energy

  • Agritech

  • HealthTech

  • EdTech

  • CleanTech

  • AI/ML & Software Products

3. Eligibility Criteria for Applying to SJCE-STEP Seed Fund

Before applying, startups should ensure they meet the following eligibility requirements as per SISFS and SJCE-STEP guidelines:

✅ DPIIT-recognized startup under Startup India initiative.
✅ Registered as a Private Limited Company, LLP, or Partnership Firm in India.
✅ Not more than 10 years old from date of incorporation.
✅ Annual turnover below ₹100 crore in any financial year.
✅ Indian promoters must hold at least 51% of equity.
✅ The startup should not have received more than ₹10 lakh in prior financial support from any government scheme.
✅ The idea must demonstrate innovation, feasibility, scalability, and societal impact.

Startups from tier-2 and tier-3 cities are highly encouraged to apply, reflecting SJCE-STEP’s commitment to inclusive entrepreneurship.

4. Step-by-Step Application Process for SJCE-STEP Seed Fund

Applying for the SJCE-STEP Seed Fund is a structured and transparent process. Below is a step-by-step guide to help you through it.

Step 1: Apply via Startup India Seed Fund Portal

Visit the official Startup India Seed Fund Scheme website:
🔗 https://www.startupindia.gov.in/content/sisfs

Select SJCE-STEP, Mysuru as your preferred incubator.

Step 2: Complete the Online Application Form

Provide detailed information such as:

  • Startup overview and problem statement

  • Innovative solution and unique value proposition

  • Target market and customer validation

  • Prototype or MVP status

  • Funding requirement and milestones

  • Business model and scalability potential

Step 3: Upload Required Documents

Attach supporting documents including:

  • DPIIT recognition certificate

  • Certificate of incorporation or registration

  • Founder KYC documents

  • Detailed business plan or pitch deck

  • Financial projections (3–5 years)

  • IP details (if applicable)

Step 4: Application Review

SJCE-STEP’s screening committee reviews the applications based on innovation, market potential, and team strength.

Step 5: Pitch to Selection Committee

Shortlisted startups are invited to pitch before a panel of experts comprising investors, mentors, and industry professionals.

Step 6: Funding and Incubation Onboarding

Once selected, startups are onboarded for incubation at SJCE-STEP, where they receive funding, mentorship, workspace, and technical support.

5. Benefits of Getting Incubated at SJCE-STEP

The SJCE-STEP incubation ecosystem is designed to empower startups across every stage of their journey — from ideation to commercialization.

Here’s what founders can expect:

✅ Seed Funding Support

Startups can receive up to ₹50 lakhs under SISFS for product development and early scaling.

✅ Mentorship and Guidance

Access to a panel of seasoned mentors — entrepreneurs, engineers, investors, and domain experts — for business and technical support.

✅ Infrastructure and Facilities

  • Fully equipped prototyping and R&D labs

  • Co-working spaces and meeting rooms

  • Access to SJCE’s technical departments and faculty expertise

✅ Networking and Investor Access

Connect with angel investors, venture capitalists, and government grant agencies through demo days and networking events.

✅ Capacity Building

Regular training programs, bootcamps, and workshops to build entrepreneurial and leadership skills.

✅ Industry and Academia Linkages

SJCE-STEP maintains close partnerships with corporates, R&D labs, and universities, enabling startups to collaborate and innovate effectively.

6. Notable Startups from SJCE-STEP Ecosystem

Over the decades, SJCE-STEP has helped numerous startups achieve national and international recognition. Some notable success stories include:

  • Excelsoft Technologies – A global leader in e-learning solutions that began its journey at SJCE-STEP.

  • Renalyx Health Systems – Pioneering affordable dialysis and kidney care technologies.

  • Vinyas Innovative Technologies – A manufacturing and embedded solutions firm that scaled through STEP’s support.

  • TechKshetra – Innovating in sustainable energy and smart automation solutions.

These ventures reflect SJCE-STEP’s commitment to transforming academic excellence into entrepreneurial success.

7. Why Choose SJCE-STEP for Seed Funding

SJCE-STEP isn’t just an incubator — it’s a community that transforms vision into value.

Here’s what makes it stand out among India’s leading innovation hubs:

  • Legacy of 40 years in technology incubation

  • Strong academic and R&D ecosystem at SJCE

  • Proven track record of successful alumni startups

  • Comprehensive support from ideation to commercialization

  • Strategic location in Mysuru — a growing tech and innovation hub

  • Deep industry-academia partnerships

  • Inclusive approach towards women and rural entrepreneurs

Whether you’re a student innovator, early-stage founder, or technologist, SJCE-STEP provides the right foundation to build, fund, and grow your business.

8. Contact Information

📍 Address:
SJCE-STEP (Science and Technology Entrepreneurs Park)
Sri Jayachamarajendra College of Engineering Campus,
Mysuru – 570006, Karnataka, India

📧 Email: info@sjcestep.org
🌐 Website: www.sjcestep.org
📞 Phone: +91-821-2548285

Conclusion

The SJCE-STEP Seed Fund is more than a financial program — it’s an opportunity to join one of India’s most experienced incubation ecosystems.

By combining funding, mentorship, technical expertise, and a strong academic base, SJCE-STEP ensures that entrepreneurs not only build innovative products but also create lasting impact.

If you’re an innovator with a bold idea, now is the time to take the next step — apply for the SJCE-STEP Seed Fund and bring your idea to life with the guidance of industry veterans and the power of Karnataka’s oldest entrepreneurial hub.