Seed Capital Scheme — Frequently Asked Questions
Answers to the questions founders most often ask about Seed Capital Scheme — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
What type of funding is the Seed Capital Scheme?
It is a one-time non-repayable grant, meaning startups do not have to pay it back.
What is the maximum grant amount I can receive?
Startups can receive up to ₹10 lakh (INR 10,00,000).
Who is eligible to apply?
Goa-based startups that are certified by the Startup IT Promotion Cell (SITPC) and have a valid startup certificate number. Additionally, the directors' bank accounts must be linked to Aadhaar.
What can the grant be used for?
The grant is specifically intended for developing a Minimum Viable Product (MVP).
How many startups are selected each year?
The scheme selects up to 100 startups annually.
Is there a deadline to apply?
The scheme operates on a rolling basis with an annual selection cycle. No specific deadline has been announced; applications are accepted continuously until the slots are filled.
Does the scheme take equity in my startup?
No. The grant is non-repayable and non-dilutive, so you retain full ownership of your startup.
What documents are required to apply?
You need to submit address proof of the operational office in Goa, a cancelled cheque of the startup, the founder's CV in World Bank format, and a detailed plan of action for creating an MVP.
How do I apply?
Applications are submitted online through the Goa Startup Mission website at https://startup.goa.gov.in/StartupIncentives.
Is DPIIT or MSME registration required?
No. The scheme requires certification from SITPC (Goa Startup IT Promotion Cell) instead of DPIIT or MSME registration.
How much funding does Seed Capital Scheme provide?
Seed Capital Scheme provides ₹10L (up to) as grant. Always confirm the exact amount and any conditions on the official site, as figures can change between cohorts.
Who offers Seed Capital Scheme?
Seed Capital Scheme is offered by Goa Startup Mission, a government body. It is provided as non-dilutive funding.