Startup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization
Startup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization
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 today.
ANNEXURE-I
The State/UT-wise details of the incubators selected under SISFS are as under:
S. No.
State/UT
Number of Incubators
1
Andhra Pradesh
6
2
Assam
2
3
Bihar
4
4
Chhattisgarh
2
5
Delhi
11
6
Goa
4
7
Gujarat
20
8
Haryana
5
9
Himachal Pradesh
3
10
Jammu & Kashmir
1
11
Jharkhand
1
12
Karnataka
19
13
Kerala
5
14
Madhya Pradesh
6
15
Maharashtra
28
16
Mizoram
2
17
Nagaland
2
18
Odisha
10
19
Puducherry
2
20
Punjab
9
21
Rajasthan
11
22
Sikkim
1
23
Tamil Nadu
20
24
Telangana
11
25
Uttar Pradesh
10
26
Uttarakhand
2
27
West Bengal
1
Total
198
ANNEXURE-II
The State/UT-wise and year-wise details of number of startups selected by incubators under SISFS in the last three years (viz 2021, 2022 and 2023) are as under:
S. No.
State/UT
Number of Startups
2021
2022
2023
Andaman and Nicobar Islands
0
0
1
Andhra Pradesh
0
7
25
Arunachal Pradesh
0
1
0
Assam
1
9
14
Bihar
1
11
24
Chandigarh
0
4
9
Chhattisgarh
1
4
3
Delhi
11
27
76
Goa
7
6
4
Gujarat
8
44
84
Haryana
5
27
49
Himachal Pradesh
1
2
11
Jammu & Kashmir
0
1
3
Jharkhand
2
2
2
Karnataka
27
105
122
Kerala
7
19
21
Madhya Pradesh
2
37
35
Maharashtra
24
89
206
Manipur
0
2
1
Meghalaya
0
1
0
Mizoram
0
0
2
Nagaland
0
1
4
Odisha
2
11
35
Puducherry
0
5
2
Punjab
0
4
16
Rajasthan
3
16
46
Sikkim
0
2
0
Tamil Nadu
20
36
99
Telangana
5
47
52
Uttar Pradesh
15
32
65
Uttarakhand
0
6
5
West Bengal
4
11
9
Total
146
569
1,025
ANNEXURE-III
The State/UT-wise and year-wise details of funding amount approved to startups under SISFS in the last three years (viz 2021, 2022 and 2023) are as under:
S. No.
State/UT
Amount Approved to Startups (in Rs crore)
2021
2022
2023
Andaman and Nicobar Islands
–
–
0.04
Andhra Pradesh
–
0.78
3.803
Arunachal Pradesh
–
0.20
–
Assam
–
0.95
2.29
Bihar
–
2.66
4.40
Chandigarh
–
0.60
1.20
Chhattisgarh
0.20
0.02
0.94
Delhi
2.24
5.215
14.55
Goa
0.90
0.55
0.56
Gujarat
1.20
5.745
16.766
Haryana
0.70
3.95
7.495
Himachal Pradesh
0.10
0.25
1.89
Jammu & Kashmir
–
0.10
0.33
Jharkhand
0.50
0.55
0.55
Karnataka
4.07
22.07
28.27
Kerala
0.60
3.87
3.47
Madhya Pradesh
0.80
5.45
4.8403
Maharashtra
2.20
16.33
39.2045
Manipur
–
0.25
0.05
Meghalaya
–
0.20
–
Mizoram
–
–
0.40
Nagaland
–
0.25
0.50
Odisha
0.40
1.21
5.0924
Puducherry
–
0.336
0.6198
Punjab
–
0.42
1.69
Rajasthan
0.70
2.565
6.35
Sikkim
–
0.20
–
Tamil Nadu
3.025
7.791
14.524
Telangana
0.65
9.015
12.505
Uttar Pradesh
2.005
5.893
10.7098
Uttarakhand
–
0.70
1.40
West Bengal
0.565
1.26
1.7504
Total
20.855
99.38
186.1902