VentureStudio has partnered with DPIIT for the disbursement of Start-up India Seed Fund Scheme (SISFS) to provide financial assistance to start-ups for proof of concept, prototype development, product trials, market entry, and commercialisation. This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.


  • Up to INR 20 Lakh as grant for validation of Proof of Concept, or prototype development, or product trials disbursed in milestone-based installments.
  • Up to INR 50 Lakh of investment for market entry, commercialisation, or scaling up through convertible debentures or debt or debt-linked instruments.
  • A start-up applicant can avail seed support in the form of grant and or debt/convertible debentures each once as per the guidelines of the scheme.


  • Business Mentoring: We will provide one-on-one business as well as commercialisation advisory, and support
  • Networking: You will have access to VentureStudio’s network of experts, partners, early adopters and more comprising a strong community of over 140 startups and entrepreneurs
  • Facilities: You will have access to VentureStudio and Ahmedabad University’s labs and resources, including coworking spaces, the bio lab and the fabrication shop
  • Fund Raise: We assist startups in securing the next round of funding by connecting them with relevant investors within our network

Focus Areas

Technology based product proposals in various sectors such as Agriculture, Healthcare, Manufacturing, Engineering, IoT, BioTechnology, Medical Devices, Water, Waste Management, Energy, Climate Tech, Geospatial, etc.


  • Start-up should be recognised by DPIIT and not be more than 2 years old. Individual entrepreneurs are ineligible for this scheme.
  • Start-up should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme.
  • Shareholding pattern should be at least 51% by Indian promoters
  • Start-up should have a business model and have a sound commercialisation strategy and road map to the market
  • Innovative solutions in sectors such as Healthcare, Cleantech, Finance, social impact, waste management, water management, biotechnology, are preferred
  • A start-up applicant can avail seed support in the form of grant and debt/convertible debentures each once as per the guidelines of the scheme.

Selection Criteria:

  • There is no minimum education qualification required for founders to apply for SISFS.
  • Detailed eligibility criteria can be found at
  • Private Limited Company or Registered Partnership Firm or Limited Liability Partnership can apply. A sole proprietorship or a public limited company is not eligible as a start-up.
  • If its turnover of the start-up for any of the financial years has not exceeded INR 100 crore
  • Start-up should not have been formed by splitting up or reconstruction of a business already in existence.

Apply Now

While applying, select “Ahmedabad University Support Foundation” in preferred Incubator