SIDBI Seed Fund Programme at SINE, IIT Bombay (Incubatees only)

• Rs. 25 lakh , Rs. 1 crore equity/CCPS funding
• Exclusively for SINE incubatee startups
• SIDBI funds directly; SINE implementing partner
• SIDBI stake generally ≤10%
• DPIIT + Angel Tax exemption required

About this scheme

The SIDBI Seed Fund Programme at SINE provides funding support to startups incubated at SINE, IIT Bombay, for scaling up their business activities. SIDBI provides the funding directly to the startup, with SINE as the implementing partner.

**Funding support:** Rs. 25 lakh to Rs. 1 crore.
**Instrument:** Equity / equity-like investment (CCPS). Post-investment SIDBI shareholding generally does not exceed 10%.

Who can apply

• Only startups incubated at SINE, IIT Bombay are eligible.
• Must be DPIIT-recognised with Angel Tax exemption (if applicable), have minimum 51% Indian promoter shareholding, and not operate in the financial sector.
• Entities formed by splitting up or reconstructing an existing business are not eligible.

Eligible entity types: Private Limited

Benefits & funding

• **Equity / equity-like (CCPS) seed funding of Rs.
• 1 crore** for startups incubated at SINE, IIT Bombay, to scale up their business activities.
• SIDBI provides the funding directly to the startup with SINE as implementing partner.
• Post-investment SIDBI shareholding generally does not exceed 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. 1

   Open only to companies incubated at SINE.

2. 2

   Applications are assessed against the common SIDBI requirements (DPIIT recognition, Angel Tax exemption, 51% Indian promoter holding, non-financial sector).

3. 3

   The investment is structured as equity/equity-like (CCPS) with SINE as implementing partner.

Frequently asked questions