MAGIC Seed Fund Support Scheme
Seed fund for Maharashtra startups from PoC to commercialization.
- Funding amount
- Varies by program
- Funding type
- Grant
- Provider
- Marathwada Accelerator for Growth & Incubation Council (MAGIC) (Incubator)
- Application deadline
- Rolling
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The MAGIC Seed Fund Support Scheme is an early-stage financial assistance initiative by the Marathwada Accelerator for Growth & Incubation Council (MAGIC), backed by the Maharashtra State Innovation Society. It aims to boost the startup ecosystem in Maharashtra by helping innovators and early-stage ventures move from idea validation to market launch.
The program offers structured seed funding to support key innovation milestones, including proof of concept validation, prototype development, product trials, market entry, and full commercialization. By filling the capital gap in early-stage development, it enables founders to reduce risk and speed up product readiness.
Startups receive institutional support and ecosystem connections, which boost their credibility and growth prospects. The scheme ensures that financial barriers don't hinder early experimentation, promoting entrepreneurship, innovation-led economic growth, and high-potential startups in Maharashtra.
Highlights
- Seed funding for PoC, prototype, trials, market entry, and commercialization.
- Backed by MAGIC and Maharashtra State Innovation Society.
- Focused on early-stage startups in Maharashtra.
- Institutional support enhances startup credibility and growth.
Who can apply
The scheme is open to innovators and startups looking for seed funding support in Maharashtra. It targets early-stage ventures that need help with proof of concept, prototype development, product trials, market entry, or commercialization. Startups should be part of the Maharashtra startup ecosystem.
MAGIC Seed Fund Support Scheme is open to startups at any stage. It is open to startups registered anywhere in India.
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Deadline & timing
MAGIC Seed Fund Support Scheme accepts applications on a rolling basis — there is no fixed cut-off date, so eligible startups can apply at any time. Because rolling programmes can pause without notice, confirm the window is still open on the official site before you start.
What the funding covers
Startups receive structured seed funding to cover proof of concept, prototype development, product trials, market entry, and commercialization. They also gain institutional backing and ecosystem support, which enhances credibility, reduces innovation risk, and accelerates product readiness for the market.
About the provider
MAGIC Seed Fund Support Scheme is offered by Marathwada Accelerator for Growth & Incubation Council (MAGIC), a startup incubator. It is delivered directly by Marathwada Accelerator for Growth & Incubation Council (MAGIC) as a grant. You can verify current details and timelines on the provider's official website before applying.
Documents you’ll need
Before you apply to MAGIC Seed Fund Support Scheme, keep the following documents ready:
- A pitch deck or short business plan describing the problem, product and traction
- Company registration documents and PAN
- Founder identification (PAN / Aadhaar) and brief profiles
- Recent financial statements or projections
- Product details — a demo, prototype or working link if available
Exact requirements are confirmed on the official application portal — treat this as a preparation checklist.
Frequently asked questions
What is the MAGIC Seed Fund Support Scheme?
It is an early-stage financial assistance program by MAGIC, supported by the Maharashtra State Innovation Society, that provides seed funding to help startups move from concept validation to commercialization.
How much funding is offered?
The funding amount varies and has not been specified.
What is the application deadline?
The deadline has not been specified.
Who can apply for this seed fund?
Innovators and early-stage startups in the Maharashtra ecosystem that need support for proof of concept, prototype development, product trials, market entry, or commercialization are eligible.
Is there any equity taken by the program?
The program is a grant, so it does not take equity.
What can the funding be used for?
Funding supports proof of concept validation, prototype development, product trials, market entry activities, and commercialization.
How do I apply for the scheme?
Applications can be submitted via the URL provided: http://bit.ly/MAGIC_SFS
Do I need DPIIT or MSME registration?
The eligibility criteria do not specify a requirement for DPIIT or MSME registration.
Who offers MAGIC Seed Fund Support Scheme?
MAGIC Seed Fund Support Scheme is offered by Marathwada Accelerator for Growth & Incubation Council (MAGIC), a startup incubator. It is provided as non-dilutive funding.
Alternatives to MAGIC Seed Fund Support Scheme
Not sure MAGIC Seed Fund Support Scheme is the right fit, or already applied? These are other grants open to Indian startups that founders shortlist alongside it.
Questions from founders
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