SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only)
Equity/CCPS seed funding (₹25L–₹1Cr) from SIDBI, exclusively for startups incubated at SINE, IIT Bombay. DPIIT recognized and non-financial sector.
- Funding amount
- ₹25L – ₹1Cr (equity)
- Funding type
- Equity
- Provider
- SINE, IIT Bombay (Academic)
- Application deadline
- Closed (25 Jun 2026)
- Eligible stage
- Any stage
- Location
- Open to startups registered in India
Overview
The SIDBI Seed Fund Programme at SINE, IIT Bombay, is a dedicated funding initiative for startups nurtured within the SINE ecosystem. Financed by the Small Industries Development Bank of India (SIDBI) and implemented by SINE, the programme aims to accelerate the growth of early-stage ventures by providing capital for scaling operations, entering new markets, and strengthening business models.
Funding is offered in the form of Clean Equity or Compulsorily Convertible Preference Shares (CCPS), with typical cheque sizes ranging from ₹25 lakh to ₹1 crore. To preserve the founder-friendly nature of the investment, SIDBI generally caps its post-investment shareholding at 10%. Beyond capital, selected startups gain access to SINE's incubation support, mentorship, and fundraising assistance.
Applications are accepted until 25 June 2026.
Highlights
- SIDBI directly invests ₹25L–₹1Cr via equity or CCPS.
- Open for SINE-incubated startups only.
- SIDBI's post‑investment stake is generally ≤ 10%.
- Must have DPIIT recognition and ≥ 51% Indian promoter holding.
- Non‑financial sector startups are eligible; entities formed from split/restructure are not.
- Applications accepted until 25 June 2026.
Who can apply
Only startups currently incubated at SINE, IIT Bombay or those that have recently graduated from its incubation programme are eligible to apply. Applicants must hold a valid DPIIT recognition certificate and, where applicable, an Angel Tax exemption. Indian promoters must own at least 51% of the company's share capital. Startups operating in the financial sector — such as lending, insurance, or NBFCs — are excluded. Additionally, entities formed through the split or restructuring of an existing business cannot apply.
SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only) 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 Programme at SINE, IIT Bombay (Incubatees only) closed on 25 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:
- Funding: An equity or CCPS investment between ₹25 lakh and ₹1 crore.
- Low Dilution: SIDBI's equity stake is generally capped at 10% post-investment.
- Incubation Support: Continued access to SINE's incubation resources.
- Mentorship: One-on-one guidance from experienced mentors.
- Fundraising Assistance: Help with pitch preparation and connections to follow-on investors.
About the provider
SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only) is offered by SINE, IIT Bombay, an academic institution. It is delivered directly by SINE, IIT Bombay as a equity. You can verify current details and timelines on the provider's official website before applying.
Documents you’ll need
Before you apply to SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only), 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 Programme at SINE, IIT Bombay (Incubatees only) is best suited for startups in India seeking an equity investment of ₹25L – ₹1Cr. If that describes your startup, review the eligibility criteria above before applying.
Frequently asked questions
How much funding can I get from the SIDBI Seed Fund at SINE?
Startups can receive between ₹25 lakh and ₹1 crore as an equity or CCPS investment.
What is the application deadline?
The programme accepts applications until 25 June 2026.
Who is eligible to apply?
Only startups that are currently incubated at SINE, IIT Bombay or those that have recently graduated from its programme are eligible. The startup must also be DPIIT-recognised, have at least 51% Indian promoter shareholding, and operate outside the financial sector.
Is this funding a grant or does it require giving up equity?
This is an equity or equity-like investment — not a grant. In exchange for capital, SIDBI receives shares or CCPS. However, SIDBI generally limits its stake to 10% to keep dilution low for founders.
Do I need DPIIT or MSME registration?
DPIIT recognition is mandatory. The programme does not require MSME registration. You must also have an Angel Tax exemption if applicable.
Can startups from any industry apply?
No, startups in the financial sector — including lending, insurance, and NBFCs — are not eligible. Other sectors are welcome as long as they meet the other criteria.
Are there any restrictions on company structure?
Entities formed by splitting or restructuring an existing business are not eligible. The requirement of at least 51% Indian promoter holding typically applies to private limited companies, but the programme does not list a specific entity type.
How do I apply?
Applications are submitted online through the SINE Edge portal: https://sineedge.sineiitb.org/programs/apply/sid7953/sidbi-seed-fund-programme-june-2026
Who offers SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only)?
SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only) is offered by SINE, IIT Bombay, an academic institution. It is provided as an investment.
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