FundingRs. 10 lakh to Rs. 30 lakh
Equity-free Idea Logistics & Mobility
ClosesJun 15, 2026
Closed Grant Equity-free
MAGIC Seed Fund Support Scheme
by Marathwada Accelerator for Growth & Incubation Council (MAGIC)
Seed fund for Maharashtra startups from PoC to commercialization.
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.
- Early and growth-stage startups in Maharashtra seeking seed funding.
About this scheme
The MAGIC Seed Fund Support Scheme is an early-stage financial assistance initiative offered by the Marathwada Accelerator for Growth & Incubation Council (MAGIC), with support from the Maharashtra State Innovation Society. The scheme is designed to strengthen the startup ecosystem in Maharashtra by enabling innovators and early-stage ventures to move from concept validation to commercialization.
The program provides structured seed funding support to startups across critical innovation milestones including proof of concept validation, prototype development, product trials, market entry, and commercialization activities. By addressing the capital gap at the early stages of venture development, the scheme helps founders de-risk their innovation journey and accelerate product readiness for market deployment.
Through this initiative, startups gain access to institutional backing and ecosystem support that enhances credibility and growth potential. The scheme is positioned to catalyze breakthrough ideas into scalable, impact-driven ventures by ensuring that financial constraints do not hinder early experimentation and validation. It aims to promote entrepreneurship, foster innovation-led economic growth, and encourage the development of high-potential startups within Maharashtra.
Who can apply
- Open to innovators and startups applying for seed funding support.
- Designed for early-stage ventures requiring support for proof of concept, prototype development, product trials, market entry, or commercialization.
- Scheme intended to support startups within Maharashtra ecosystem.
Benefits & funding
Headline support
Support amount varies
- Structured seed funding for proof of concept, prototype development, product trials, market entry, and commercialization activities.
- Provides institutional backing and ecosystem support, enhancing credibility and growth potential, de-risking innovation, and accelerating product readiness.
Official application
Ready to apply? Get the official link
Applications are submitted directly with Marathwada Accelerator for Growth & Incubation Council (MAGIC), in your own name. Share a few details and we will point you to the official application portal and help you prepare a complete submission.
Here is the official application link
Apply in your own name with Marathwada Accelerator for Growth & Incubation Council (MAGIC). Want a second pair of eyes before you submit? An IncorpX advisor can help you prepare.
Open the official applicationFrequently asked questions
How much funding does MAGIC Seed Fund Support Scheme provide?
MAGIC Seed Fund Support Scheme provides support amount varies. The exact amount sanctioned depends on the proposal and the evaluation by the program authority.
Is MAGIC Seed Fund Support Scheme currently accepting applications?
Applications currently closed. Always confirm the current window with the program authority before preparing your application.
Does MAGIC Seed Fund Support Scheme take equity?
No. This program is listed as equity-free, which means the funding does not dilute your shareholding. Review the official terms for any debt or convertible components.
Important disclaimer
IncorpX is a private platform operated by a private company. It is not a government department, agency or official portal, and it is not affiliated with, endorsed by, or acting on behalf of any government body or of any organisation, incubator, accelerator, investor or partner listed in this directory. All program names, logos and trademarks are the property of their respective owners and are used for identification only.
This directory is compiled from publicly available official sources and is provided for general information only. It does not constitute legal, financial, tax or professional advice. Funding amounts, eligibility criteria, required documents, deadlines and availability are determined by each program authority and change with every cycle, so the details shown here may be incomplete or out of date. Always confirm the current terms on the official program source before you apply or take any decision.
IncorpX charges no fee for the information in this directory and does not collect, process, lodge or submit any application on your behalf. Applications are made by you, in your own name, directly with the respective program authority. IncorpX provides assistance only for application preparation and for related registrations such as company incorporation, DPIIT recognition, MSME (Udyam) and GST. Eligibility, approval, disbursement and selection rest solely with the respective program authority, and IncorpX makes no representation or guarantee as to any outcome.
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