Seed Funding

Seed Funding

Intending to provide Seed funds to early-stage startups, SP-TBI creates a bridge for innovative technology-driven startups .The fund is a part of the National Initiative for Developing and Harnessing Innovations – Seed Support System (NIDHI-SSS) scheme of the Department of Science and Technology (DST), Government of India . NIDHI aims to nurture start-ups through scouting, supporting and scaling of innovations. It enables incubate startups with innovative ideas or technologies to graduate to a level where they will be able to raise investments from Venture capitalist or they will reach a position to seek loans from commercial banks or financial institutions.

Eligibility Conditions for Incubate Start Ups for seed support

  • Incubate should be a registered company in India with minimum of three months of residency at the TBI.
  • Incubate has to be an Indian start-up. This support is not meant for India Subsidiary of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
  • The share holding by the Indian promoters in the start up should be at least 51%.

Terms of seed funding

  • Funding mode: Equity or soft loan or both.
  • Amount of funding: 2 Lakhs to 25 Lakhs (can go about it based on need)
  • Equity stake for seed funds: upto 15%
  • Reporting: Quarterly to seed committee