SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay — Frequently Asked Questions
Answers to the questions founders most often ask about SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding does SIDBI-iDEX Seed Fund provide?
The programme offers equity or equity-like seed funding ranging from ₹10 lakh to ₹1.5 crore per MSME or startup.
Who can apply for this programme?
iDEX challenge-winning MSMEs and startups, whether incubatee or non-incubatee, that are Indian private limited companies incorporated at least one year prior. DPIIT recognition is required.
What sectors are eligible?
While the focus is on defence and related sectors, the programme explicitly states 'defence and related sectors'. Startups in other areas may not be eligible.
Does the programme take equity?
Yes, the investment is made via equity or equity-like instruments. SIDBI's shareholding generally does not exceed 10% post-investment.
What expenses can the funding cover?
Exact use of funds is not specified, but typical seed funding covers product development, scaling, hiring, and market entry expenses.
Is there an application deadline?
Yes, the deadline is June 25, 2026.
How do I apply?
Applications are submitted online via the SINE website at https://sineedge.sineiitb.org/programs/apply/sid2261/sidbi-idex-seed-fund-programme-at-sine-june-2026.
Does my company need to be registered as an MSME?
The eligibility criteria mention 'MSMEs/startups', but explicit MSME registration is not listed as mandatory. However, being an MSME may be beneficial or required if deemed applicable by iDEX/SIDBI.
Does the programme charge any fee or take a percentage of revenue?
No fee or revenue share is mentioned. The programme provides equity funding, so SIDBI takes a minority equity stake and not a revenue share.
How are applications evaluated?
Details of the selection process are not provided in the source. Selection likely involves scrutiny of the startup's innovation, market potential, and alignment with defence import substitution.
Is DPIIT recognition required for SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay?
No. DPIIT (Startup India) recognition is not listed as a mandatory requirement for SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay, though having it can strengthen your application and unlock other benefits.
Who offers SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay?
SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay is offered by SINE, IIT Bombay, an academic institution. It is provided as an investment.
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