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

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..... Startup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization
News and Press Release
Dated:- 10-2-2024

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 assi .....

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..... stance 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 ha .....

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..... s been operationalized from 1stApril 2021. As on 31stDecember 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 31stDecember 2023. .....

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..... 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 St .....

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..... ates/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 .....

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..... 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 ANNEXU .....

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..... RE-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 .....

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..... 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 .....

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..... * 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 st .....

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..... artups 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 .....

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..... .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 * Ma .....

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..... nipur - 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 - .....

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..... 0.70 1.40 * West Bengal 0.565 1.26 1.7504 Total 20.855 99.38 186.1902
News - Press release - PIB .....

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