EngSUI Seed Fund — Frequently Asked Questions
Answers to the questions founders most often ask about EngSUI Seed Fund — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding can a startup receive from the EngSUI Seed Fund?
Startups can receive a maximum of ₹1 Crore or 100% of the total project cost, whichever amount is lower. This funding is intended for crucial scaling activities.
What type of startups are eligible for the EngSUI Seed Fund?
The fund is open to DPIIT-recognized Indian startups that are incorporated as a private limited company, LLP, or partnership firm. They must be developing technology-based innovations at a Technology Readiness Level (TRL) between 5 and 9 and be in their growth or scaling stage.
Is DPIIT recognition mandatory to apply for this fund?
Yes, DPIIT recognition is a mandatory eligibility criterion for all startups applying to the EngSUI Seed Fund.
Does the EngSUI Seed Fund take equity from recipient startups?
No, the EngSUI Seed Fund provides equity-free funding. It is a grant-based program, meaning no ownership stake is taken in the startup.
What types of expenses can the funding cover?
The funding can cover expenses related to scaling technology-based innovations, including costs for patenting, design registration, trademark registry, and technology transfer. It also supports activities necessary for developing a marketable product or process, achieving commercial viability, and market readiness.
What is the application deadline for the EngSUI Seed Fund?
The application process for the EngSUI Seed Fund is rolling, meaning it is always open and applications can be submitted at any time.
How can a startup apply for the EngSUI Seed Fund?
Interested startups can apply by submitting an online application through the SIIC IIT Kanpur portal.
Who is eligible to apply for EngSUI Seed Fund?
EngSUI Seed Fund is open to startups at the revenue stage. It is open to startups registered anywhere in India. Applicants should be registered as private limited, llp and partnership. Applicants must hold DPIIT (Startup India) recognition.
Who offers EngSUI Seed Fund?
EngSUI Seed Fund is offered by SIIC IIT Kanpur, an academic institution. It is provided as non-dilutive funding.
How do I apply for EngSUI Seed Fund?
Apply directly through the official application link on this page. Review the eligibility criteria and prepare your startup documents before you begin.