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NIDHI Seed Support Program (SSP) Phase 2 at ACIC-VGU Foundation — Frequently Asked Questions

FAQ

Answers to the questions founders most often ask about NIDHI Seed Support Program (SSP) Phase 2 at ACIC-VGU Foundation — who qualifies, the funding amount, required documents and how the application works.

Frequently asked questions

How much funding is offered under the NIDHI SSP at ACIC VGU Foundation?

The program offers seed funding of up to ₹50 Lakhs.

What is the application deadline?

The deadline for applications is November 7, 2025.

Who is eligible to apply?

Startups must be legally registered in India with at least 51% Indian promoter equity, have a working prototype or MVP, and be in an eligible sector such as AgriTech, HealthTech, CleanTech, DeepTech, SaaS, IoT, etc. Preference is given to startups that have not previously received seed funding from a Central/State government scheme. Additionally, startups must have a minimum 3-month association with ACIC VGU Foundation or be willing to onboard.

Is DPIIT recognition required?

DPIIT recognition is preferred, but startups willing to apply for it may also be considered.

Does the program take equity?

Yes, the funding is provided as Equity or Equity-linked instruments, and the incubator takes a minority equity stake.

What can the funding be used for?

The funding can be used for proof of concept, prototype development, product trials, customer validation, and market launch.

How is the funding disbursed?

Funding is disbursed in milestones, with a moratorium of up to 12 months for loan-based components, if applicable.

What kind of support does ACIC VGU Foundation provide besides funding?

Startups receive expert mentorship, investor connections, and go-to-market support from the ACIC VGU Foundation ecosystem.

How do I apply?

Applications are accepted through the ACIC VGU Foundation portal at https://connect.acicvgu.com/programs/apply/nid5275/nidhi-seed-support-program-ssp-call-for-application-phase-2.

Who offers NIDHI Seed Support Program (SSP) Phase 2 at ACIC-VGU Foundation?

NIDHI Seed Support Program (SSP) Phase 2 at ACIC-VGU Foundation is offered by ACIC VGU Foundation, an academic institution. It is provided as an investment.

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