FundingRs. 10 lakh to Rs. 30 lakh
Equity-free Idea Logistics & Mobility
ClosesJun 15, 2026
10d left Equity Funding DPIIT required
IITB-IoE Seed Fund at SINE, IIT Bombay
Equity/equity-linked seed funding up to Rs. 1 crore for IIT Bombay-associated technology startups to accelerate 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.
- Up to Rs. 1 crore equity/equity-linked funding
- For IIT Bombay-linked tech startups
- 12, 18 month funding tenure
- Accelerates product development & go-to-market
- SINE incubation before disbursement
About this scheme
The IITB-IoE Seed Fund supports IIT Bombay-associated technology startups to accelerate product development and go-to-market.
**Funding support:** up to Rs. 1 crore (INR 100 lakhs).
**Instrument:** Equity or equity-linked. **Tenure:** 12 to 18 months.
Selected startups must incubate with SINE (if not already incubated) before disbursement of the seed fund.
Who can apply
- Technology/science-based DPIIT-recognised startups.
- At least one founding member must be a student, faculty, alumnus or staff of IIT Bombay, or have an established IITB linkage through a faculty/researcher association or IP.
- LLPs/partnerships must convert to a company before fund release.
- Product stage may be prototype/MVP/market-ready.
- IP must be owned by IIT Bombay or the startup, or the startup must hold 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.
- 100 lakh)** for IIT Bombay-associated technology startups to accelerate product development and go-to-market, over a 12, 18 month tenure.
- Selected startups incubate with SINE (if not already incubated) before disbursement and tap 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 evaluated on technology, team, product readiness and commercialization roadmap.
- 2
Selected startups incubate with SINE (if not already incubated) before disbursement of the seed fund.
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?
Up to Rs. 1 crore (Rs. 100 lakh), as equity or equity-linked investment, over a 12, 18 month tenure.
Who is eligible?
DPIIT-recognised technology/science-based startups where at least one founding member is a student, faculty, alumnus or staff of IIT Bombay, or has an established IITB linkage via a faculty/researcher association or IP.
What if my startup is an LLP or partnership?
LLPs and registered partnerships may apply but must convert to a company under the Companies Act, 2013 before funds are released.
What product stage is required?
Prototype, MVP or market-ready, with a clear roadmap toward commercialization.
Who must own the IP?
IP should be owned by IIT Bombay or the applicant startup; if owned by a third party, the applicant must have 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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