Total approved funding of Rs 802.98 crore as on 31st December 2023 provided to startups
Startup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization
198 incubators selected under Scheme with total approved funding of Rs 802.98 crore as on 31st December 2023
The Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization through eligible incubators.
As per provisions under the SISFS, the Experts Advisory Committee (EAC) evaluates and selects incubators for allocation off undsunder the Scheme. Theapproved incubators shortlist the startups in accordance with the guidelines of the Scheme. The Scheme has been operationalized from 1stApril 2021.
As on 31stDecember 2023, 198 incubators have been selected under the Scheme with a total approved funding of Rs 802.98 crore. The State/Union Territory (UT)-wise list of number of the selected incubators is placed as Annexure I.
The approved incubators have selected 1,740 startups with a total approved funding of Rs 306.43 crore as on 31stDecember 2023. The State/UT-wise details of the number of startups selected by the approved incubators in the last three years viz 2021, 2022, and 2023 is placed as Annexure II. The State/UT- wise details of the amount of funding approved for startups in the last three years viz 2021, 2022, and 2023 is placed as Annexure III.
Under the Startup India initiative, direct financial assistance is not provided to States/UTs.
This information has been provided by the Union Minister of State for Commerce and Industry, Shri. Som Parkash in a written reply in the Rajya Sabha