FundingFunding opportunities up to ₹10 Lakh through ACIC-VGU schemes
Equity-free Idea AI, SaaS & Enterprise
ClosesAug 15, 2026
Closed Equity Funding DPIIT required
IITB-IoE Seed Fund at SINE, IIT Bombay
Equity or equity-linked seed funding of up to Rs. 1 crore for IIT Bombay-linked technology startups to speed up product development and go-to-market.
Check your readinessShare a few details and an IncorpX advisor will walk you through fit, documents and timelines for this scheme. Free, no obligation.
- Equity or equity-linked funding of up to Rs. 1 crore.
- For technology startups linked to IIT Bombay.
- Funding tenure of 12 to 18 months.
- Aimed at faster product development and go-to-market.
- SINE incubation before any disbursement.
About this scheme
The IITB-IoE Seed Fund helps technology startups tied to IIT Bombay move faster on product development and going to market.
Funding support: up to Rs. 1 crore (Rs. 100 lakh).
Instrument: equity or equity-linked. Tenure: 12 to 18 months.
Before the seed money is released, a chosen startup must take up incubation with SINE, unless it is already incubated there.
Who can apply
- The startup should be technology or science based and DPIIT-recognised.
- At least one founder has to be a student, faculty member, alumnus, or staffer of IIT Bombay, or hold an established IITB link through a faculty or researcher tie or through IP.
- An LLP or partnership has to convert into a company before funds are released.
- The product may be at prototype, MVP, or market-ready stage.
- The IP must belong to IIT Bombay or to the startup, or the startup must have exclusive rights to use it.
Eligible entity types: Private Limited, LLP, Partnership
Benefits & funding
Headline support
Up to Rs. 1 Cr
- Equity or equity-linked seed funding of up to Rs. 1 crore (Rs. 100 lakh) for IIT Bombay-linked technology startups, spread over a tenure of 12 to 18 months.
- Use of the capital to push product development and go-to-market.
- A chosen startup takes up incubation with SINE, if not already incubated, and plugs into SINE's mentor and investor network.
How the application process works
The journey below is informational, compiled from the official program guidelines. Applications are submitted directly with SINE, IIT Bombay, in your own name.
- 1
Applications from IITB-linked startups are judged on technology, team, product readiness, and the route to commercialisation.
- 2
A selected startup then incubates with SINE, unless already incubated, before the seed fund is released.
Want a second pair of eyes before you submit?IncorpX provides assistance for structuring proposals and organising the paperwork this process expects.
Official application
Ready to apply? Get the official link
Applications are submitted directly with SINE, IIT Bombay, 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 SINE, IIT Bombay. 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 is available?
The seed fund runs up to Rs. 1 crore, that is Rs. 100 lakh, placed as equity or an equity-linked instrument, with a tenure of 12 to 18 months.
Who is eligible?
Startups that are DPIIT-recognised and built on technology or science, where one founder at least is a student, faculty member, alumnus, or staffer of IIT Bombay, or holds an established IITB tie through a faculty or researcher link or through IP.
What if my startup is an LLP or partnership?
They can, but an LLP or registered partnership has to become a company under the Companies Act, 2013 before any money is released.
What product stage is required?
A prototype, an MVP, or a market-ready product, backed by a clear plan to commercialise.
Who must own the IP?
It should sit with IIT Bombay or with the applicant; when a third party owns it, the applicant needs exclusive rights to use it.
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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