SIDBI Seed Fund Program - IIML EIC
Equity-based seed funding up to ₹50 lakh for DeepTech startups, with incubation support from IIML EIC and SIDBI. DPIIT registration required.
- Funding amount
- ₹50L (equity)
- Funding type
- Equity
- Provider
- IIM Lucknow Enterprise Incubation Centre (Academic)
- Application deadline
- Closed (30 Jun 2026)
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The SIDBI Seed Fund Program at IIM Lucknow Enterprise Incubation Centre (IIML EIC) is a strategic partnership with the Small Industries Development Bank of India (SIDBI) to support DeepTech startups. It offers equity-based investment of up to ₹50 lakhs to help startups overcome early-stage financial hurdles, accelerate product development, and scale. The program combines IIML EIC's incubation expertise with SIDBI's financial strength to identify and nurture innovative ventures in critical technology sectors.
DeepTech startups face longer development cycles and higher R&D costs. This fund addresses those challenges by providing not just capital but also a comprehensive support system: mentorship, strategic guidance, access to advanced lab infrastructure, and business support services. Participants gain a significant advantage through IIML EIC's curated ecosystem, designed to foster innovation and successful market entry.
Highlights
- Equity funding up to ₹50 lakh
- Focus on DeepTech, AI, Robotics, IoT, Blockchain
- Comprehensive incubation support at IIML EIC
- Access to supercomputer, IoT & 3D printing labs
- DPIIT-registered startups required
Who can apply
Startups must be led by Indian citizens, registered with DPIIT under Startup India, and focused on DeepTech fields such as AI, Robotics, IoT, Blockchain, or Advanced Manufacturing. They must be either currently incubated at IIML EIC or willing to join the incubation program upon selection.
SIDBI Seed Fund Program - IIML EIC 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
The most recent application window for SIDBI Seed Fund Program - IIML EIC closed on 30 Jun 2026. Many programmes run repeat cohorts, so it is worth checking the official site for the next round.
What the funding covers
Selected startups receive equity-based funding up to ₹50 lakhs. Beyond capital, they get comprehensive incubation support from IIML EIC, including:
- One-on-one mentorship from industry experts and IIML faculty
- Networking opportunities with investors and peers
- Strategic guidance for market challenges
- A curated startup toolkit
- Specialized help desk for legal, IPR, and financial matters
- Access to advanced facilities: supercomputers, IoT labs, and 3D printing labs
- Corporate engagement support
About the provider
SIDBI Seed Fund Program - IIML EIC is offered by IIM Lucknow Enterprise Incubation Centre, an academic institution. It is delivered directly by IIM Lucknow Enterprise Incubation Centre as a equity. You can verify current details and timelines on the provider's official website before applying.
How to apply
Applications are submitted on the official portal. Confirm the current deadline and document checklist there before you start.
Selection process
Applications are rigorously evaluated by a panel of experts from IIML EIC, SIDBI, and industry specialists. The selection involves multiple stages: initial screening for eligibility and innovation potential; deeper evaluation of technology, market viability, team strength, and business model; shortlisted candidates may be invited for detailed presentations or interviews. Final decisions are based on growth potential, technological differentiation, and alignment with program focus areas.
Documents you’ll need
Before you apply to SIDBI Seed Fund Program - IIML EIC, 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.
Who this is best for
SIDBI Seed Fund Program - IIML EIC is best suited for startups in India seeking an equity investment of ₹50L. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
What type of funding is this?
This program provides equity-based funding, meaning the program takes a stake in your startup in exchange for investment. It is not a grant or loan, so it does not need to be repaid.
How much funding can I get?
Eligible startups can receive an investment of up to ₹50 lakhs. The exact amount depends on the startup's potential, stage, and specific funding needs as assessed during selection.
Which industries or technologies are preferred?
The program targets DeepTech startups, with a strong focus on Artificial Intelligence (AI), Robotics, Internet of Things (IoT), Blockchain, Advanced Manufacturing, and other emerging technologies showing significant innovation.
Do I need DPIIT registration?
Yes, DPIIT registration under the Startup India initiative is mandatory for eligibility.
Do I need to be incubated at IIML EIC?
Yes, you must either already be incubated at IIML EIC or be willing to join their incubation program as part of the application and funding process.
What non-financial support is provided?
Beyond funding, you get expert mentorship, networking opportunities, strategic guidance, a startup toolkit, legal/IPR/financial help desk support, and access to advanced labs including supercomputers, IoT labs, and 3D printing facilities.
What is the application deadline?
The deadline for applications is 30 June 2026.
How do I apply?
You can apply through the Google Forms link provided on the program page. You will need to submit detailed information about your startup, team, technology, and business plan, along with a pitch deck, incorporation documents, DPIIT certificate, financial projections, and team resumes.
Does SIDBI Seed Fund Program - IIML EIC take equity?
Yes. SIDBI Seed Fund Program - IIML EIC is an equity-based investment, meaning the provider takes an ownership stake in exchange for funding. Review the specific terms before accepting.
Who is eligible to apply for SIDBI Seed Fund Program - IIML EIC?
SIDBI Seed Fund Program - IIML EIC is open to startups at any stage. It is open to startups registered anywhere in India.
Who offers SIDBI Seed Fund Program - IIML EIC?
SIDBI Seed Fund Program - IIML EIC is offered by IIM Lucknow Enterprise Incubation Centre, an academic institution. It is provided as an investment.
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