Start Up Fund — Frequently Asked Questions
Answers to the questions founders most often ask about Start Up Fund — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What kind of support does the Start Up Fund provide?
The fund offers technical and financial support, along with comprehensive incubation facilities. This includes working space, internet, electricity, laboratory and workshop access, library facilities, and crucial mentoring support from experienced professionals.
What are the key eligibility criteria for applying?
Startups must be recognized by DPIIT, possess an innovative business idea with market fit, viable commercialization potential, and a clear path to scale. The core product or service should leverage technology. Indian promoters must hold at least 51% shareholding.
Is there any specific industry focus for the program?
No specific industry focus is mentioned. The program is open to startups with innovative products or services that can solve problems using technology across various sectors, provided they have commercial potential.
What stages of startups does the SNEH program support?
The 'SNEH' program supports startups across three key stages: Ideation (from idea to Proof of Concept), Early Traction (from Proof of Concept to Commercialization), and Scale-up (for already commercialized startups looking to expand operations).
How long does the support typically last?
The duration of support is at the discretion of Oil India Limited and is guided by the terms of the Tripartite Agreement signed between OIL, the startup, and the incubation center. It is tailored to the needs of each selected startup.
Can startups with existing funding apply to this program?
Yes, the program supports early-stage funding and incubation, and there is no explicit restriction against startups that may have raised some prior funding. The focus is on innovative ideas and their potential.
How do I apply to the Start Up Fund?
All applications must be submitted exclusively through the online portal. Applications sent via physical mail, email, or any other method will be summarily rejected. The portal is hosted either by Oil India Limited directly, an OIL-appointed incubation centre, or a designated third-party.
Is there an application fee?
No. There is no fee required to submit an application, ensuring accessibility for all eligible startups.
What is the application deadline?
The online application portal remains open throughout the year, allowing startups to apply at any time. Applications are processed periodically, typically on a half-yearly basis.
Does Start Up Fund take equity?
No. Start Up Fund is grant and is non-dilutive — the provider does not take an equity stake in your startup.
Is DPIIT recognition required for Start Up Fund?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for Start Up Fund, though having it can strengthen your application and unlock other benefits.
Who offers Start Up Fund?
Start Up Fund is offered by Oil India Limited, a corporate programme. It is provided as non-dilutive funding.