FundingUp to Rs. 41.75 lakh
Equity-free MVP / Prototype
ClosesJun 25, 2026
4d left Equity Funding DPIIT required
SIDBI-iDEX Seed Fund Programme at SINE, IIT Bombay
Equity seed funding of Rs. 10 lakh to Rs. 1.5 crore for iDEX challenge-winner MSMEs and startups in defence, implemented by SINE IIT Bombay for SIDBI.
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-like funding of Rs. 10 lakh to Rs. 1.5 crore.
- For iDEX challenge-winner defence startups.
- SIDBI provides the funds; SINE is the implementing partner.
- SIDBI's stake usually stays at or below 10%.
- Open to both incubatee and non-incubatee MSMEs and startups.
About this scheme
The SIDBI-iDEX Seed Fund Programme at SINE puts seed funding behind innovation-led MSMEs and startups in defence and related sectors that have already been chosen and supported through iDEX challenges. The goal is to back import substitution, home-grown defence manufacturing, and exports, and to help early-stage defence startups scale up.
Funding support: Rs. 10 lakh to Rs. 1.5 crore per MSME or startup.
Instrument: an equity or equity-like investment. After investing, SIDBI's shareholding usually stays at or below 10%.
Who can apply
- MSMEs and startups can apply whether or not they are already incubated, provided iDEX has referred them.
- The company has to be an Indian private limited firm set up at least a year before applying, a confirmed winner of an iDEX challenge, and holds DPIIT recognition, with an Angel Tax exemption where it applies.
Eligible entity types: Private Limited
Benefits & funding
Headline support
Rs. 10 lakh to Rs. 1.5 Cr
- Seed funding of Rs. 10 lakh to Rs. 1.5 crore, structured as equity or an equity-like instrument, for defence-sector MSMEs and startups that have won iDEX challenges; SIDBI supplies the money while SINE runs delivery as implementing partner.
- It supports import substitution, defence manufacturing at home, and exports, and helps early-stage defence ventures grow.
- After the investment, SIDBI's shareholding in any one company usually stays at or below 10%.
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
SINE checks each applicant's iDEX challenge-winner status with iDEX-DIO.
- 2
Eligible applications are then assessed for the seed investment, made as equity or equity-like instruments, with SINE acting as implementing partner for SIDBI.
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?
Between Rs. 10 lakh and Rs. 1.5 crore for each MSME or startup, put in as equity or an equity-like instrument.
Who is eligible?
Indian private limited firms set up at least a year earlier that have won an iDEX challenge and hold DPIIT recognition, with an Angel Tax exemption where it applies. Both incubatees and non-incubatees referred by iDEX may take part.
How much equity does SIDBI take?
Once invested, SIDBI rarely holds more than 10% of any single company.
Which sectors are covered?
Defence and adjacent sectors, aimed at import substitution, home-grown defence manufacturing, and exports.
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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