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TMI BlogStartup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercializationX X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - News - Startup India Seed Fund Scheme provides financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization - - - 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 assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization through eligible incubators. As pe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 st April 2021. As on 31 st December 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 st December 2023. The State/UT-wise details of the number of startups selected by the approved incubators ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 - - News - Press release - PIB Tax Managem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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