Startup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization

10-2-2024

Contents

198 incubators selected under Scheme with total approved funding of Rs 802.98 crore as on 31st December 2023

The Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization through eligible incubators.

As per provisions under the SISFS, the Experts Advisory Committee (EAC) evaluates and selects incubators for allocation off undsunder the Scheme. The approved incubators shortlist the startups in accordance with the guidelines of the Scheme. The Scheme has been operationalized from 1^stApril 2021.

As on 31^stDecember 2023, 198 incubators have been selected under the Scheme with a total approved funding of Rs 802.98 crore. The State/Union Territory (UT)-wise list of number of the selected incubators is placed as Annexure I.

The approved incubators have selected 1,740 startups with a total approved funding of Rs 306.43 crore as on 31^stDecember 2023. The State/UT-wise details of the number of startups selected by the approved incubators in the last three years viz 2021, 2022, and 2023 is placed as Annexure II. The State/UT- wise details of the amount of funding approved for startups in the last three years viz 2021, 2022, and 2023 is placed as Annexure III.

Under the Startup India initiative, direct financial assistance is not provided to States/UTs.

This information has been provided by the Union Minister of State for Commerce and Industry, Shri. Som Parkash in a written reply in the Rajya Sabha.

ANNEXURE-I

The State/UT-wise details of the incubators selected under SISFS are as under:

S. No.	State/UT	Number of Incubators
1	Andhra Pradesh	6
2	Assam	2
3	Bihar	4
4	Chhattisgarh	2
5	Delhi	11
6	Goa	4
7	Gujarat	20
8	Haryana	5
9	Himachal Pradesh	3
10	Jammu & Kashmir	1
11	Jharkhand	1
12	Karnataka	19
13	Kerala	5
14	Madhya Pradesh	6
15	Maharashtra	28
16	Mizoram	2
17	Nagaland	2
18	Odisha	10
19	Puducherry	2
20	Punjab	9
21	Rajasthan	11
22	Sikkim	1
23	Tamil Nadu	20
24	Telangana	11
25	Uttar Pradesh	10
26	Uttarakhand	2
27	West Bengal	1
	Total	198

ANNEXURE-II

The State/UT-wise and year-wise details of number of startups selected by incubators under SISFS in the last three years (viz 2021, 2022 and 2023) are as under:

S. No.	State/UT	Number of Startups
		2021	2022	2023
	Andaman and Nicobar Islands	0	0	1
	Andhra Pradesh	0	7	25
	Arunachal Pradesh	0	1	0
	Assam	1	9	14
	Bihar	1	11	24
	Chandigarh	0	4	9
	Chhattisgarh	1	4	3
	Delhi	11	27	76
	Goa	7	6	4
	Gujarat	8	44	84
	Haryana	5	27	49
	Himachal Pradesh	1	2	11
	Jammu & Kashmir	0	1	3
	Jharkhand	2	2	2
	Karnataka	27	105	122
	Kerala	7	19	21
	Madhya Pradesh	2	37	35
	Maharashtra	24	89	206
	Manipur	0	2	1
	Meghalaya	0	1	0
	Mizoram	0	0	2
	Nagaland	0	1	4
	Odisha	2	11	35
	Puducherry	0	5	2
	Punjab	0	4	16
	Rajasthan	3	16	46
	Sikkim	0	2	0
	Tamil Nadu	20	36	99
	Telangana	5	47	52
	Uttar Pradesh	15	32	65
	Uttarakhand	0	6	5
	West Bengal	4	11	9
	Total	146	569	1,025

ANNEXURE-III

The State/UT-wise and year-wise details of funding amount approved to startups under SISFS in the last three years (viz 2021, 2022 and 2023) are as under:

S. No.	State/UT	Amount Approved to Startups (in Rs crore)
		2021	2022	2023
	Andaman and Nicobar Islands	-	-	0.04
	Andhra Pradesh	-	0.78	3.803
	Arunachal Pradesh	-	0.20	-
	Assam	-	0.95	2.29
	Bihar	-	2.66	4.40
	Chandigarh	-	0.60	1.20
	Chhattisgarh	0.20	0.02	0.94
	Delhi	2.24	5.215	14.55
	Goa	0.90	0.55	0.56
	Gujarat	1.20	5.745	16.766
	Haryana	0.70	3.95	7.495
	Himachal Pradesh	0.10	0.25	1.89
	Jammu & Kashmir	-	0.10	0.33
	Jharkhand	0.50	0.55	0.55
	Karnataka	4.07	22.07	28.27
	Kerala	0.60	3.87	3.47
	Madhya Pradesh	0.80	5.45	4.8403
	Maharashtra	2.20	16.33	39.2045
	Manipur	-	0.25	0.05
	Meghalaya	-	0.20	-
	Mizoram	-	-	0.40
	Nagaland	-	0.25	0.50
	Odisha	0.40	1.21	5.0924
	Puducherry	-	0.336	0.6198
	Punjab	-	0.42	1.69
	Rajasthan	0.70	2.565	6.35
	Sikkim	-	0.20	-
	Tamil Nadu	3.025	7.791	14.524
	Telangana	0.65	9.015	12.505
	Uttar Pradesh	2.005	5.893	10.7098
	Uttarakhand	-	0.70	1.40
	West Bengal	0.565	1.26	1.7504
	Total	20.855	99.38	186.1902