RIIDL, Somaiya Vidyavihar University
Academic
Closed

NIDHI-SSS (Seed Support System) at riidl Somaiya Vidyavihar University — Frequently Asked Questions

FAQ

Answers to the questions founders most often ask about NIDHI-SSS (Seed Support System) at riidl Somaiya Vidyavihar University — who qualifies, the funding amount, required documents and how the application works.

Frequently asked questions

What is the funding amount offered under NIDHI-SSS at riidl?

The funding ranges from ₹25 Lakhs to ₹1 Crore per startup, provided as equity-based investment.

What is the application deadline?

The deadline for applications is 30 November 2025.

Who is eligible to apply?

Eligible startups must be registered companies in India, have at least three months of residency at riidl (a STEP/TBI), and have Indian promoters holding at least 51% shareholding. The startup must be an Indian startup, not a subsidiary of a foreign company.

What type of funding is provided — grant, loan, or equity?

Funding is provided as an equity investment, meaning the incubator takes a stake in the startup in exchange for the capital.

Does the program require DPIIT or MSME registration?

The eligibility criteria do not explicitly mention DPIIT or MSME registration as a requirement. However, startups should be registered companies in India and meet the shareholding and residency conditions.

What can the funds be used for?

Funds can be used for product development, testing and trials, test marketing, mentoring, professional consultancy (e.g., attracting professors), IPR issues, and manpower for day-to-day operations.

How do I apply?

Applications are submitted via an Airtable form at https://airtable.com/app3Mx8tBwReybdGr/shrGlsPMylHakRO45. The apply URL is provided by the program.

Is there any preference for certain types of startups?

Yes, emphasis is placed on product offerings rather than service offerings, IP-rich enterprises, strong knowledge components, and alignment with riidl's focus areas.

What is the project duration for utilizing the funds?

The project duration is typically 12 months.

Who offers NIDHI-SSS (Seed Support System) at riidl Somaiya Vidyavihar University?

NIDHI-SSS (Seed Support System) at riidl Somaiya Vidyavihar University is offered by RIIDL, Somaiya Vidyavihar University, an academic institution. It is provided as an investment.

← Back to NIDHI-SSS (Seed Support System) at riidl Somaiya Vidyavihar University overview