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How to Apply for Seed Fund Incubator at WEHUB Foundation

Introduction

In today’s competitive startup ecosystem, early-stage funding and strategic guidance are critical for transforming innovative ideas into scalable businesses. One such platform empowering entrepreneurs, particularly women-led startups, is the WEHUB Foundation.

Supported under the Startup India Seed Fund Scheme (SISFS), WEHUB Foundation provides early-stage startups with mentorship, seed funding, and access to networks that help accelerate growth. The foundation is dedicated to fostering inclusive entrepreneurship, providing resources, infrastructure, and business support to startups across India.

This article provides a comprehensive guide on how to apply for the Seed Fund Incubator at WEHUB Foundation, including eligibility criteria, step-by-step application process, benefits, sectoral focus, and success stories.

1. About WEHUB Foundation

The WEHUB Foundation is a premier incubator focused on empowering women entrepreneurs while supporting early-stage startups across sectors like technology, social innovation, healthcare, and more.

The incubator offers a comprehensive ecosystem, including mentorship from industry leaders, networking opportunities, infrastructure support, and seed funding. By bridging the gap between idea and execution, WEHUB Foundation ensures that startups not only survive but thrive in the competitive market landscape.

With a strong track record of incubating over 100 startups, WEHUB has played a pivotal role in shaping India’s entrepreneurship ecosystem, especially for women entrepreneurs.

2. Overview of the Seed Fund Program

Under the Startup India Seed Fund Scheme (SISFS), WEHUB Foundation provides financial assistance to startups to support prototype development, product trials, market entry, and commercialization.

Funding Components Include:

💡 Grant Support up to ₹20 Lakhs:
For proof-of-concept, prototype development, and initial testing.
🚀 Seed Funding up to ₹50 Lakhs:
For commercialization, early market entry, and scaling operations.

Funding is generally released in milestone-based installments, ensuring accountability and steady progress toward business goals.

The Seed Fund Program at WEHUB is specifically designed to empower women entrepreneurs, though it is open to startups across all sectors.

3. Eligibility Criteria

To qualify for the Seed Fund Incubator at WEHUB Foundation, startups must meet the following criteria:

✅ DPIIT Recognition:
The startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
✅ Entity Type:
Must be registered as a Private Limited Company, LLP, or Registered Partnership Firm.
✅ Startup Age:
The startup should be less than 10 years old from the date of incorporation.
✅ Annual Turnover:
Annual turnover should not exceed ₹100 crore in any financial year since incorporation.
✅ Innovation & Scalability:
Must demonstrate a novel product, process, or service with high growth potential.
✅ Indian Ownership:
At least 51% of the shareholding should be held by Indian promoters.
✅ Sectoral Focus:
Startups working in technology, healthcare, social innovation, clean energy, or other high-impact sectors are preferred.

4. Step-by-Step Application Process

Applying for the Seed Fund at WEHUB Foundation is a structured process designed to identify and support high-potential startups.

Step 1: Register on Startup India Portal

Create an account on www.startupindia.gov.in and obtain DPIIT recognition.

Step 2: Choose WEHUB Foundation as Your Incubator

Select WEHUB Foundation as your preferred incubator when applying under the SISFS.

Step 3: Prepare Required Documents

Required documents include:

Certificate of Incorporation
DPIIT Recognition Certificate
Pitch Deck and Business Plan
Founder/Team Profiles
Financial Statements (if applicable)
Fund Utilization Plan

Step 4: Submit Application

Submit your application online through the Startup India portal or WEHUB Foundation’s official website.

Step 5: Screening & Shortlisting

Applications are evaluated based on innovation, scalability, and team capability. Shortlisted startups are invited to a pitch session.

Step 6: Evaluation & Pitch

Startups present their ideas to a panel of mentors, investors, and industry experts. The evaluation focuses on the problem being solved, uniqueness of solution, market potential, and execution strategy.

Step 7: Fund Disbursement

Selected startups receive funds in tranches based on milestone achievements and performance evaluations.

5. Benefits of Incubation at WEHUB Foundation

Startups incubated at WEHUB Foundation gain access to a comprehensive support ecosystem:

💰 Seed Funding:
Financial support up to ₹50 lakhs to fuel growth and scale operations.
🧠 Mentorship & Guidance:
Access to experienced entrepreneurs, industry leaders, and domain experts.
🏢 Infrastructure & Resources:
Co-working spaces, labs, and prototyping facilities to support product development.
🌍 Networking Opportunities:
Connections with investors, corporates, government agencies, and fellow startups.
📚 Workshops & Training Programs:
Sessions on fundraising, marketing, operations, IP, and business strategy.
🧩 Women-Centric Support:
Specialized programs for women entrepreneurs, including mentorship, funding, and visibility.
🚀 Global Exposure:
Opportunities to participate in international accelerators, pitch competitions, and conferences.

6. Focus Sectors at WEHUB Foundation

WEHUB Foundation supports startups across multiple high-impact sectors:

Women-led enterprises
Technology & IT Solutions
HealthTech & MedTech
Clean & Renewable Energy
Social Enterprises
Education & Skill Development
AgriTech & Rural Innovation

This focus ensures that both technology-driven and social-impact startups are supported with tailored resources.

7. Success Stories

WEHUB Foundation has successfully incubated startups that have achieved funding, market traction, and social impact. Examples include:

SakhiTech: Digital solutions empowering women entrepreneurs across rural India.
GreenFuture: Clean energy startup providing affordable solar solutions.
SkillConnect: EdTech platform improving employability skills for underprivileged youth.

These success stories reflect the incubator’s ability to transform ideas into scalable ventures that create tangible impact.

8. Contact Information

📍 WEHUB Foundation
[City], India

📧 Email: info@wehubfoundation.org
🌐 Website: www.wehubfoundation.org
📞 Phone: +91-XXXXXXXXXX

9. Conclusion

The WEHUB Foundation is a leading platform for startups, especially women-led ventures, providing seed funding, mentorship, and infrastructure support. By leveraging the Startup India Seed Fund Scheme, startups can access resources critical for turning innovative ideas into successful, scalable businesses.

If you are an entrepreneur aiming to make an impact, WEHUB Foundation offers the perfect ecosystem to accelerate growth, gain visibility, and build a sustainable business.

How to Apply for Seed Fund Incubator at Indian Institute of Management Kozhikode

Introduction

In India’s vibrant startup ecosystem, the role of academic incubators has been instrumental in shaping the next wave of innovators. Among these, the IIM Kozhikode LIVE (Laboratory for Innovation Venturing and Entrepreneurship) stands tall as one of the country’s most forward-thinking incubation centers.

Created under the aegis of the Indian Institute of Management Kozhikode (IIMK), this incubator combines academic excellence, research insights, and market-driven mentoring to foster high-impact entrepreneurship.

Recognized under the Startup India Seed Fund Scheme (SISFS), IIMK LIVE offers early-stage funding and structured support to startups in diverse domains such as technology, sustainability, social innovation, AI, and deep tech.

This article provides a comprehensive guide on how to apply for the Seed Fund Incubator at IIM Kozhikode LIVE, including eligibility, funding structure, benefits, and insider tips to help your application stand out.

1. About IIM Kozhikode LIVE

IIMK LIVE was established in 2016 as a not-for-profit Section 8 company to promote innovation and entrepreneurship both within and beyond the IIM community.

Its mission is to create an ecosystem where entrepreneurs can transform bold ideas into scalable businesses through a blend of mentoring, networking, research, and funding support.

Supported by DST, Government of India, and accredited by Startup India, LIVE has supported over 100+ startups, mentored hundreds of founders, and facilitated funding through government grants and private investors.

LIVE works on four pillars:

Incubation & Mentorship
Seed Funding & Grants
Innovation & Research Collaboration
Entrepreneurship Development & Training

Through the Startup India Seed Fund Scheme (SISFS), IIMK LIVE provides financial support for early-stage startups to validate ideas, build prototypes, and enter markets confidently.

2. Understanding the Seed Fund Program

The Startup India Seed Fund Scheme empowers startups that are in the ideation, prototype, or early-market stages.

At IIMK LIVE, the seed fund program supports founders who are building solutions with strong innovation potential, commercial viability, and scalable models.

Funding Support Categories:

Prototype Development / Product Validation:
- Grant support of up to ₹20 lakhs for proof of concept, MVP, and testing.
Market Entry / Commercialization:
- Debt or convertible debentures of up to ₹50 lakhs for scaling and commercialization.

The funds are disbursed based on milestone-based progress tracking and performance evaluation by the Seed Fund Management Committee (SFMC).

3. Eligibility Criteria

To apply for seed funding at IIMK LIVE, startups must fulfill the following requirements:

Basic Eligibility (as per SISFS):

Must be recognized by DPIIT under Startup India.
Incorporated as a Private Limited Company, LLP, or Registered Partnership.
Startup should be less than 10 years old from the date of incorporation.
Annual turnover should not exceed ₹100 crores in any financial year.
Should not have received more than ₹10 lakhs from any other government seed fund.

Additional Eligibility (specific to IIMK LIVE):

Should have a clearly defined problem statement and an innovative, technology-led solution.
Founding team should demonstrate domain expertise and commitment.
Preference is given to startups in sectors like:
- Artificial Intelligence & Machine Learning
- FinTech & EdTech
- Sustainability & CleanTech
- Healthcare & Biotechnology
- Social Impact Ventures
- Digital Transformation & Rural Tech

4. Step-by-Step Application Process

Applying for the IIMK LIVE Seed Fund is a transparent and structured process.

Step 1: Register Your Startup

Step 2: Apply via SISFS Portal

Visit the Startup India Seed Fund Scheme portal, choose IIMK LIVE as your preferred incubator, and start the application.

Step 3: Prepare Your Proposal

You’ll be required to provide:

Company and founder details
Description of the product/service
Innovation and uniqueness
Market potential and target customers
Revenue model
Financial projections
Utilization plan for seed funding

Step 4: Screening & Shortlisting

Applications undergo screening by LIVE’s internal evaluation team to shortlist promising ventures.

Step 5: Pitch Presentation

Shortlisted startups present to the Seed Fund Management Committee (SFMC) consisting of investors, mentors, and domain experts.

Step 6: Due Diligence & Selection

Finalists go through due diligence covering legal, technical, and financial aspects.

Step 7: Funding & Incubation

Selected startups are onboarded to LIVE’s incubation ecosystem and receive seed funding in milestones tied to performance.

5. Benefits of Joining IIMK LIVE

Joining IIM Kozhikode LIVE offers unparalleled advantages to startups seeking to build a solid foundation.

Key Benefits Include:

💰 Seed Funding: Access up to ₹70 lakhs under SISFS.
🧭 Structured Mentorship: Guidance from IIMK faculty, entrepreneurs, and industry veterans.
🧠 Knowledge Access: Use of IIMK’s vast research resources and management insights.
🏢 Infrastructure: Access to co-working spaces, labs, and business support facilities.
🌍 Networking: Connect with investors, corporates, and international partners.
🎯 Capacity Building: Participate in workshops on business modeling, fundraising, and market entry strategies.
🤝 Community Support: Become part of an elite network of innovators and leaders.

6. Notable Success Stories

Some of LIVE’s most successful incubatees have scaled nationally and globally, including:

Mindpax: A mental health AI startup that developed predictive wellness solutions.
FarmIT: An agri-tech venture revolutionizing smart farming using IoT.
Univest: A financial literacy startup that helps individuals manage investments efficiently.
SustainaTech: A green-tech initiative enabling companies to reduce their carbon footprint.

These success stories underline how LIVE’s ecosystem transforms early ideas into scalable businesses.

7. Tips for a Successful Application

Highlight Your Innovation: Be specific about what makes your idea different.
Market Validation: Back your idea with customer feedback or pilot results.
Strong Business Model: Demonstrate revenue potential and sustainability.
Team Strength: Show expertise and a clear division of responsibilities.
Social Impact: If applicable, emphasize community or environmental benefits.
Clear Utilization Plan: Explain how the funding will drive measurable growth.

8. Contact Information

IIM Kozhikode LIVE – Laboratory for Innovation Venturing and Entrepreneurship
Indian Institute of Management Kozhikode, Kerala – 673570
📧 Email: live@iimk.ac.in
🌐 Website: https://liveiimk.com
📞 Phone: +91-495-2809100

Conclusion

IIMK LIVE represents the spirit of innovation and entrepreneurship that India needs to scale globally.

By combining the intellectual rigor of IIM Kozhikode with the practical wisdom of successful founders, LIVE provides a 360° support system for startups to thrive.

From funding and mentorship to strategic networking — LIVE’s ecosystem enables early-stage ventures to grow sustainably and impactfully.

If you’re a founder ready to take your idea from prototype to profitability, the Seed Fund Incubator at IIM Kozhikode LIVE is your launchpad to success. 🚀

Startup, Startup Schemes and Startup Programs

How to Apply for Seed Fund Incubator at WISE SNDTWU Incubation Centre

Introduction

The spirit of entrepreneurship knows no boundaries — and when it comes to empowering women innovators, the WISE SNDTWU Incubation Centre stands at the forefront.

Established by the Shreemati Nathibai Damodar Thackersey Women’s University (SNDTWU), one of India’s most prestigious institutions dedicated to women’s education, WISE (Women’s Incubation, Start-up, and Entrepreneurship Centre) provides a nurturing platform for women-led startups to innovate, grow, and scale.

Through its participation in the Startup India Seed Fund Scheme (SISFS), the incubator extends crucial early-stage financial support to women entrepreneurs who are transforming ideas into impactful ventures.

This article offers a complete guide on how to apply for the Seed Fund Incubator at WISE SNDTWU, covering the eligibility criteria, funding structure, benefits, and step-by-step application process.

1. About WISE SNDTWU Incubation Centre

The WISE SNDTWU Incubation Centre is an initiative of SNDT Women’s University, Mumbai, designed exclusively to empower women innovators, founders, and researchers.

Founded on the belief that economic independence and innovation are key to gender equality, the incubator aims to equip women entrepreneurs with the resources, mentorship, and funding needed to transform their ideas into sustainable ventures.

WISE stands for Women’s Incubation, Start-up, and Entrepreneurship, symbolizing the University’s legacy of academic excellence combined with entrepreneurial vision.

Through its Seed Fund and support programs, WISE offers:

Seed capital assistance under Startup India Seed Fund Scheme (SISFS)
Access to state-of-the-art research and prototyping facilities
Expert mentorship from seasoned women leaders and industry veterans
Networking opportunities with investors, corporates, and policymakers

The Centre primarily focuses on empowering first-time women founders, especially from non-metropolitan regions, to break barriers and contribute meaningfully to India’s innovation economy.

2. Understanding the Seed Fund Program

The Startup India Seed Fund Scheme (SISFS), launched by the Department for Promotion of Industry and Internal Trade (DPIIT), provides financial assistance to startups for validating ideas, developing prototypes, and entering markets.

WISE SNDTWU administers this scheme specifically to support women-led startups, offering them not just funding, but a full incubation ecosystem.

Funding Categories:

Prototype Development / Product Validation:
- Up to ₹20 lakhs (grant) for developing prototypes, testing, and initial validation.
Market Entry / Commercialization:
- Up to ₹50 lakhs (debt or convertible debentures) for scaling and commercialization.

These funds are disbursed in tranches based on milestones and are monitored by the incubator’s Seed Fund Management Committee (SFMC).

The goal is to help women founders overcome early-stage financial hurdles and transition from concept to commercialization with confidence.

3. Eligibility Criteria

To apply for the Seed Fund at WISE SNDTWU Incubation Centre, startups must meet both DPIIT and incubator-specific eligibility requirements:

General Eligibility (As per SISFS):

The startup must be recognized by DPIIT under Startup India.
It should be incorporated as a Private Limited Company, LLP, or Partnership Firm in India.
The startup should not be more than 10 years old from its date of incorporation.
The annual turnover should not exceed ₹100 crores in any financial year.
It should be working on a product or service that is innovative, scalable, and has market potential.
The startup should not have received more than ₹10 lakhs of monetary support from any other government seed fund.

WISE-Specific Eligibility (Women-Led Focus):

At least one woman co-founder must hold a minimum 51% equity in the startup.
Preference is given to startups led by women from Tier-II and Tier-III cities, or those addressing social impact, sustainability, and livelihood generation.
The startup must be in the prototype or early-market stage.

4. Step-by-Step Application Process

Applying for the Seed Fund at WISE SNDTWU is a transparent, merit-based process designed to identify truly promising women-led startups.

Step 1: DPIIT Recognition

Before applying, ensure your startup is registered on the Startup India portal and has a valid DPIIT recognition certificate.

Step 2: Apply via Startup India Seed Fund Portal

Visit the official Startup India Seed Fund Scheme portal and select WISE SNDTWU Incubation Centre as your preferred incubator.

Step 3: Fill in the Application Form

Provide detailed information about your startup:

Problem statement and solution
Market opportunity and customer segment
Founding team background
Prototype status and traction (if any)
Amount of seed fund required and utilization plan

Step 4: Screening & Evaluation

The WISE selection committee screens all applications to shortlist high-potential startups.

Step 5: Pitch Presentation

Shortlisted startups present their ideas to the Seed Fund Management Committee (SFMC). Evaluation is based on innovation, team strength, market scalability, and social impact.

Step 6: Due Diligence

Selected startups undergo technical and financial due diligence before final approval.

Step 7: Funding & Incubation

Once approved, startups receive funding in tranches tied to milestone achievements and gain access to the incubation ecosystem for continued mentorship and support.

5. Benefits of Joining WISE SNDTWU Incubation Centre

WISE SNDTWU offers an end-to-end support system to ensure women entrepreneurs succeed in every phase of their journey.

Key Benefits:

Seed Funding:
Financial aid up to ₹70 lakhs (grant + debt) to help startups scale.
Dedicated Mentorship:
Access to women leaders, startup coaches, and domain experts for personalized guidance.
Infrastructure Access:
Use of university facilities, labs, co-working spaces, and testing centers.
Networking Opportunities:
Exposure to investor networks, corporate collaborations, and trade events.
Capacity Building Programs:
Training sessions on business management, product design, marketing, and financial literacy.
Social Impact Focus:
Encouragement for women-led startups solving societal problems — from sustainable fashion to rural innovation.
Community Support:
Join a sisterhood of founders building solutions that uplift and inspire.

6. Focus Sectors

The WISE SNDTWU Incubation Centre supports innovation in diverse areas, including:

Sustainability & Green Technology
Fashion & Handicrafts
Healthcare & Wellness
Education & Skilling
Food Processing & Nutrition
Social Impact & Rural Entrepreneurship
Technology for Good

By focusing on both commercial and social innovation, WISE bridges the gap between creativity and economic empowerment.

7. Success Stories from WISE SNDTWU

Over the years, WISE has nurtured several women-led ventures that have made significant local and national impact.

🌿 EcoShe Innovates:

Started by two SNDT alumni, this startup developed biodegradable sanitary products for rural women — now serving over 50,000 beneficiaries.

💎 HandloomHeritage:

A social enterprise connecting women weavers from Maharashtra to global buyers through digital marketplaces.

🧁 BakeRight by Aarti:

A food-tech micro-venture that grew from a small kitchen to a nationwide home-baking franchise network, all incubated under WISE.

These examples reflect how the incubator helps women turn their passions into profitable and purpose-driven enterprises.

8. Tips to Strengthen Your Application

Highlight Your Innovation:
Clearly explain what sets your idea apart.
Define Market Fit:
Support your claims with real data — demand analysis, competitor overview, or user validation.
Show Social or Economic Impact:
Emphasize how your startup benefits women, communities, or the environment.
Prepare a Clear Utilization Plan:
Mention how you’ll use the funds across prototype, validation, and scaling phases.
Leverage Your Team Strength:
Highlight diverse skills and shared vision within your founding team.
Keep Your Pitch Concise & Engaging:
Use visuals, case studies, and testimonials to make your presentation memorable.

9. Contact Information

WISE SNDTWU Incubation Centre
Shreemati Nathibai Damodar Thackersey Women’s University
Churchgate, Mumbai – 400020, Maharashtra, India

📧 Email: wise@sndt.ac.in
📞 Phone: +91-22-2203 1879
🌐 Website: www.sndt.ac.in

Conclusion

The WISE SNDTWU Incubation Centre is not just a seed fund incubator — it’s a movement to empower women entrepreneurs to lead India’s innovation story.

Through its combination of funding, mentoring, and community building, WISE ensures that every woman with a dream has the tools and ecosystem to make it real.

For women founders across India — whether you’re building a social enterprise, a fashion label, or a tech startup — WISE SNDTWU is your platform to grow, learn, and lead.

Apply today and join a generation of women redefining success with purpose and power. 🌸

Startup Schemes and Startup Programs, Startup

How to Apply for Seed Fund Incubator at Science & Technology Entrepreneurship Park

Introduction: Empowering Early-Stage Startups

India’s startup ecosystem has evolved into one of the world’s most vibrant innovation landscapes. Every year, thousands of entrepreneurs launch solutions that tackle real-world problems across clean energy, healthcare, agriculture, and technology.

But most early-stage founders share one common struggle — finding the right mix of seed funding, mentorship, and incubation to turn their prototype into a viable business.

That’s exactly what the Science & Technology Entrepreneurship Park (STEP) aims to solve.
Supported by the Department of Science and Technology (DST), Government of India, STEP bridges the gap between innovation and entrepreneurship. Through its Seed Fund Incubator Program, it provides financial assistance, mentoring, and infrastructure support to startups that are building for India’s future.

This article explains everything you need to know — from eligibility and benefits to step-by-step instructions on how to apply for the STEP Seed Fund Incubator.

What is the Science & Technology Entrepreneurship Park (STEP)?

The Science & Technology Entrepreneurship Park (STEP) is a DST-supported initiative established to promote technology-driven entrepreneurship and innovation in India.

STEP works as a collaboration between academia, industry, and entrepreneurs, offering startups access to advanced R&D infrastructure, mentorship, and business development support.

It’s designed to help innovators translate research outcomes into commercial success stories — creating jobs, fostering innovation, and strengthening India’s technology base.

Over the years, STEP has supported hundreds of startups working in diverse fields such as:

Renewable energy and sustainability
Healthcare and med-tech innovations
Agri-tech and food processing
IoT, robotics, and AI applications

Understanding the STEP Seed Fund Incubator

The Seed Fund Incubator at STEP operates under the Startup India Seed Fund Scheme (SISFS).
This program, launched by the Ministry of Commerce and Industry, aims to support early-stage startups financially and strategically, ensuring they can validate, develop, and scale their innovations.

Key objectives of the STEP Seed Fund:

Provide seed funding to startups with innovative ideas and high growth potential.
Enable prototype development and product validation.
Support commercialization and market entry for emerging ventures.
Build an innovation ecosystem by connecting startups with mentors, investors, and corporates.

Through this scheme, STEP typically offers seed funding of up to ₹20–50 lakhs to eligible startups, along with mentoring and incubation facilities.

Eligibility Criteria for the STEP Seed Fund Incubator

Before applying, founders must ensure they meet the eligibility requirements as per the Startup India Seed Fund guidelines:

DPIIT Recognition:
The startup must be recognized by the Department for Promotion of Industry and Internal Trade (DPIIT).
Company Age:
The startup should be less than two years old from the date of incorporation.
Indian Ownership:
At least 51% of the company’s shareholding must be held by Indian promoters.
Stage of Development:
The startup should ideally be at the prototype or product validation stage.
Funding History:
Startups that have not received more than ₹10 lakhs of financial support under any other central or state government scheme are eligible.
Sector Focus:
STEP primarily supports technology-led startups — in domains such as clean tech, agri-tech, healthcare innovation, and industrial automation.

How to Apply for the STEP Seed Fund Incubator

Here’s a step-by-step breakdown of the complete application process:

Step 1: Prepare Required Documents

Before you apply, ensure you have the following:

DPIIT recognition certificate
Certificate of incorporation (CIN, PAN, GST)
Business plan or detailed pitch deck
Prototype summary or demo video (if available)
Founders’ profiles
Financial projections and business model summary

Step 2: Visit the Official Portal

Go to the Startup India Seed Fund Scheme portal:
👉 https://seedfund.startupindia.gov.in/

Browse through the list of incubators and search for the Science & Technology Entrepreneurship Park (STEP).

Step 3: Fill Out the Application

Sign up as a startup on the portal.
Locate STEP from the incubator list.
Click “Apply Now” and complete the application form with all required details.

In your form, make sure to describe:

The problem your startup solves
The innovation behind your product
The target market and competitive edge
Your funding requirement and utilization plan

Step 4: Application Review

Your submission undergoes a two-step review:

Initial Screening — for eligibility and document completeness.
Evaluation Panel — shortlisted startups present their idea to experts and mentors.

Step 5: Selection and Funding

If selected, you’ll receive an official communication from STEP. The funding is released in tranches, linked to milestones like prototype completion or pilot validation.

Benefits of the STEP Seed Fund Incubator

The STEP Seed Fund Incubator offers much more than financial support. It’s an end-to-end startup growth platform.

1. Financial Support

Seed funding up to ₹50 lakhs to help startups move from concept to commercialization.

2. Access to Infrastructure

Startups get access to R&D labs, co-working spaces, prototyping tools, and testing facilities.

3. Expert Mentorship

Guidance from scientists, industry leaders, and experienced entrepreneurs.

4. Networking Opportunities

Regular demo days and investor interactions open doors to funding and partnerships.

5. Business Development Support

STEP helps startups refine business models, connect with customers, and build go-to-market strategies.

6. Credibility & Visibility

Being incubated under a DST-recognized institution enhances a startup’s credibility with investors and partners.

Why STEP Stands Out Among Other Incubators

STEP has a proven reputation for combining technical expertise with entrepreneurial mentorship.
Here’s what makes it special:

Strong linkage with universities and research centers
Customized mentoring tailored to each startup’s sector
Access to academic collaborations and innovation labs
Long-term post-funding support for scaling and sustainability

Unlike many incubators that stop at funding, STEP ensures startups are nurtured until they are market-ready.

Common Mistakes Founders Should Avoid

Even good ideas can fail to get shortlisted due to application errors. Avoid these pitfalls:

Submitting incomplete documentation
Using generic or unclear business plans
Overstating market size without data
Not explaining the innovation factor
Ignoring alignment with STEP’s technology-driven focus

Remember — clarity, data, and real-world impact make your application stand out.

Tips to Strengthen Your Application

Highlight the Innovation: Explain how your idea is different from existing solutions.
Show Market Potential: Use real data and customer insights.
Focus on Impact: Emphasize economic, social, or environmental benefits.
Prepare a Solid Pitch Deck: Include key metrics and a simple value proposition.
Demonstrate Team Strength: Showcase diverse skill sets and experience.

Real Success Stories from STEP

Over the years, STEP has incubated several impactful startups, such as:

AgriTech Solutions Pvt. Ltd. — Developed AI-based soil monitoring systems, later raised ₹1 crore in angel investment.
MediSense HealthTech — Built affordable diagnostic devices for rural healthcare access.
EnerGlow Innovations — Created low-cost solar-powered lighting systems for remote regions.

These examples show how early-stage support from STEP can turn prototypes into full-scale businesses with national and global reach.

Why You Should Apply

The STEP Seed Fund Incubator isn’t just about funding — it’s about creating a nurturing ecosystem for innovation.
Startups benefit from guidance, exposure, and collaboration, making it one of the most impactful incubator programs under the Startup India Seed Fund Scheme.

If you have a tech-driven idea that can solve real-world challenges, this is your opportunity to transform it into a scalable venture.

Conclusion: Take Your First Step with STEP

The Science & Technology Entrepreneurship Park empowers India’s brightest innovators with the capital, mentorship, and ecosystem they need to succeed.

By applying for the STEP Seed Fund Incubator, you’re not just seeking funding — you’re stepping into a platform designed to turn ideas into impact.

Start your application today and join India’s growing network of change-makers.
Your innovation could be the next big success story emerging from STEP.

Startup, Startup Schemes and Startup Programs

How to Apply for Seed Fund Incubator at Startup Incubation and Innovation Centre (SIIC) IIT Kanpur

Introduction

In India’s growing entrepreneurial landscape, the Startup Incubation and Innovation Centre (SIIC) at IIT Kanpur has become a key player in nurturing groundbreaking startups. Established in 2000 in collaboration with the Small Industries Development Bank of India (SIDBI), SIIC was created to bridge the gap between innovative ideas and market success.

Over the past two decades, it has helped build an ecosystem where early-stage founders can access mentorship, funding, research facilities, and strategic support to scale their ideas. The Seed Fund Incubator Program at SIIC IIT Kanpur, supported by the Startup India Seed Fund Scheme (SISFS), empowers promising entrepreneurs to bring their ideas to life.

If you are an early-stage founder with a strong business model and a working prototype, this guide will help you understand exactly how to apply for the Seed Fund Incubator at SIIC IIT Kanpur, the eligibility criteria, benefits, and key tips to strengthen your application.

About SIIC IIT Kanpur

The Startup Incubation and Innovation Centre (SIIC) is one of India’s oldest and most successful technology business incubators. Functioning under the Foundation for Research & Innovation in Science & Technology (FIRST), a Section 8 company promoted by IIT Kanpur, SIIC is a hub for innovation-driven entrepreneurship.

It has supported over 500 startups and 200+ innovators across sectors like CleanTech, AgriTech, MedTech, DeepTech, and Sustainable Development. SIIC provides physical incubation, virtual incubation, and funding support through government and corporate partnerships.

The centre is backed by multiple funding programs, including SIDBI, BIRAC, MeitY, and DST, allowing startups to access both seed funding and grants for product development and market entry.

Objective of the Seed Fund Incubator

The Seed Fund Incubator at SIIC IIT Kanpur aims to identify high-potential early-stage startups and provide them with both financial and infrastructural support to validate their ideas and achieve early market traction.

The program’s primary objectives are:

To enable innovators to transform prototypes into market-ready products.
To help startups achieve product-market fit and early customer validation.
To bridge the gap between idea-stage funding and venture capital readiness.
To provide access to IIT Kanpur’s labs, mentors, and research expertise.

Eligibility Criteria

Before applying, startups must ensure they meet the basic eligibility requirements for the Seed Fund Incubator at SIIC IIT Kanpur.

1. Startup Registration:
The startup must be recognized by DPIIT under the Startup India initiative.

2. Age of Startup:
The startup should be less than 2 years old from the date of incorporation at the time of application.

3. Type of Entity:
Startups registered as a Private Limited Company, LLP, or Registered Partnership Firm are eligible.

4. Stage of Development:
The startup should have a prototype or proof of concept (PoC) that can be validated within six months.

5. Innovation Criteria:
The idea should involve novel technology, social impact, or innovation in product, process, or service delivery.

6. Funding Limit:
Startups that have not received more than ₹10 lakh in funding from any other government program are eligible to apply.

Funding Support Offered

Under the Startup India Seed Fund Scheme, SIIC IIT Kanpur provides:

Prototype/PoC Development Funding: Up to ₹20 lakh as a grant for product development, testing, or prototyping.
Market Entry and Commercialization Funding: Up to ₹50 lakh as a convertible debenture or debt-linked instrument for scaling and market validation.
Access to Mentors and Networks: Startups gain access to IIT Kanpur’s network of faculty experts, alumni entrepreneurs, and investors.
Infrastructure Support: Use of research labs, testing facilities, and co-working space within IIT Kanpur’s campus.

Application Process: Step-by-Step Guide

Here’s how you can apply for the Seed Fund Incubator at SIIC IIT Kanpur:

Step 1: Visit the SIIC IIT Kanpur Website

Go to the official portal — https://siicincubator.com.

Navigate to the Programs section and select the Seed Fund Incubation Program.

Step 2: Fill Out the Application Form

Complete the online application form, including:

Startup overview and problem statement
Product or solution details
Business model and revenue streams
Market potential
Team profile and expertise

Step 3: Upload Required Documents

Attach all mandatory documents such as:

Certificate of Incorporation
Startup India DPIIT Recognition Certificate
Pitch deck and business plan
Financial statements (if applicable)
Proof of concept (prototype images, testing results, etc.)

Step 4: Preliminary Screening

SIIC’s internal committee reviews your application for completeness and innovation viability.

Step 5: Evaluation by Expert Panel

Shortlisted startups are invited to pitch to an evaluation committee comprising IIT Kanpur faculty, investors, and domain experts.

Step 6: Due Diligence and Selection

After technical and financial due diligence, selected startups are onboarded into the incubation program and receive seed funding support.

Key Benefits of Joining SIIC IIT Kanpur

World-Class Infrastructure
Access to laboratories, testing equipment, rapid prototyping facilities, and co-working spaces at IIT Kanpur.
Customized Mentorship
Regular guidance from IIT Kanpur faculty, industry experts, and entrepreneurs in residence.
Networking and Investor Access
SIIC connects startups with investors, angel networks, and corporate partners.
Brand Credibility
Being incubated at IIT Kanpur adds credibility and enhances investor confidence.
Knowledge Resources
Startups gain access to workshops, entrepreneurship boot camps, and IP assistance.
Comprehensive Support Ecosystem
From ideation to scaling, SIIC supports every stage of a startup’s journey.

Documents Required

When applying, keep the following documents ready:

Certificate of Incorporation
Startup India Recognition Certificate (DPIIT)
Detailed pitch deck
Business plan
Proof of prototype
Bank account details
Founders’ PAN cards and Aadhaar
Financial projections

Selection Criteria

Startups are evaluated based on:

Innovation and Technology Readiness
Team Capability and Execution Potential
Scalability and Market Fit
Social or Economic Impact
Sustainability and Long-term Vision

The evaluation panel also considers the feasibility of the business model and the clarity of the problem-solution fit.

Success Stories from SIIC IIT Kanpur

1. Noccarc Robotics:
A MedTech startup incubated at SIIC that developed the Noccarc V310 ICU ventilator in record time during the COVID-19 pandemic.

2. Phool.co:
Started as a small idea to recycle temple flowers, Phool.co now produces eco-friendly incense sticks and biodegradable alternatives.

3. HelpUsGreen:
One of India’s most celebrated social impact startups, backed by SIIC, transforming floral waste into sustainable products.

4. E-Spin Nanotech:
A deep-tech venture developing nanofiber-based filtration technology with global applications.

Each of these startups demonstrates SIIC’s capability to transform innovation into scalable business models.

Tips for a Strong Application

Ensure your pitch deck highlights innovation, scalability, and sustainability.
Clearly define your problem statement and how your startup provides a unique solution.
Provide realistic financial projections with a clear funding requirement.
Emphasize team strength and prior achievements.
Keep all documents concise and professional.

Conclusion

The Seed Fund Incubator at SIIC IIT Kanpur is a gateway for India’s next generation of entrepreneurs to turn ideas into impact. Whether you are working in technology, sustainability, healthcare, or social innovation, this incubator offers a powerful mix of funding, mentorship, and world-class facilities.

With over 20 years of experience and hundreds of successful startups, SIIC IIT Kanpur continues to shape India’s innovation-driven future. If you have a market-ready prototype and the passion to scale your startup, this is the opportunity to bring your vision to life.

To learn more or start your application, visit www.siicincubator.com.