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SIDBI Seed Fund Programme for iDEX-Supported Startups — Frequently Asked Questions

FAQ

Answers to the questions founders most often ask about SIDBI Seed Fund Programme for iDEX-Supported Startups — who qualifies, the funding amount, required documents and how the application works.

Frequently asked questions

How much funding is offered under the SIDBI Seed Fund Programme?

The programme offers seed funding between ₹10 lakhs and ₹150 lakhs (₹10L–₹15Cr), provided as equity or equity-like instruments.

What is the application deadline?

The deadline to apply is 20 July 2025.

Who is eligible to apply?

Eligible applicants must be Indian private limited companies that are winners of an iDEX challenge, referred by iDEX to FIRST, and have already received iDEX grant support. The startup must be DPIIT-registered or recognized as a startup, and must be incubated or willing to incubate at SIIC IIT Kanpur.

What sectors does this programme focus on?

The programme focuses on startups and MSMEs in the defence and allied sectors.

Is DPIIT registration required?

Yes, applicants must be DPIIT-registered or recognized as a startup.

Does the programme take equity?

Yes, the funding is provided in the form of equity or equity-like instruments, meaning the programme may take an ownership stake in the startup.

What can the funding be used for?

Funding can be used for testing and trials, prototype validation, product design and development, technology transfers, pilot-scale manufacturing, field and market trials, product launch and scale-up, and other eligible activities approved by the Investment Committee.

How do I apply?

Applications are submitted via a Google Form. The direct link is provided on the StartupFunds.in listing page. For any queries, you can contact Ashish Sharma at ashish.sharma@iitkfirst.com.

Who offers SIDBI Seed Fund Programme for iDEX-Supported Startups?

SIDBI Seed Fund Programme for iDEX-Supported Startups is offered by Ministry of MSME, a government body. It is provided as non-dilutive funding.

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