SIDBI Seed Fund Program - IIML EIC — Frequently Asked Questions
Answers to the questions founders most often ask about SIDBI Seed Fund Program - IIML EIC — who qualifies, the funding amount, required documents and how the application works.
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.