{"id":77699,"date":"2021-01-20T14:58:50","date_gmt":"2021-01-20T09:28:50","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=77699"},"modified":"2021-03-01T13:50:40","modified_gmt":"2021-03-01T08:20:40","slug":"startup-india-seed-fund","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/startup-india-seed-fund\/","title":{"rendered":"Startup India Seed Fund\u00a0"},"content":{"rendered":"<p><span style=\"font-size: 14pt;\"><b>Why in\u00a0<\/b><b>News<\/b><b>?<\/b>\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Rs 1,000-crore &#8216;Startup India Seed Fund&#8217;\u00a0<\/span><span data-contrast=\"auto\">was launched\u00a0<\/span><span data-contrast=\"auto\">during the &#8216;Prarambh: Startup India International Summit&#8217;.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><b><span data-contrast=\"auto\">Salient features of Startup India Seed Fund Scheme<\/span><\/b><b><span data-contrast=\"auto\">:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Objective<\/span><\/b><b><span data-contrast=\"auto\">:\u00a0<\/span><\/b><b><span data-contrast=\"auto\">Fund has been\u00a0<\/span><\/b><span data-contrast=\"auto\">set up to provide initial\u00a0<\/span><span data-contrast=\"auto\">capital to the startups<\/span><span data-contrast=\"auto\">.\u00a0<\/span><span data-contrast=\"auto\">After that start-ups will be provided with the Govt.\u00a0<\/span><span data-contrast=\"auto\">Guarantees<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0to help them raise debt capital<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Coverage:\u00a0<\/span><\/b><span data-contrast=\"auto\">The fund would offer financial assistance to startups for proofs of concept, prototype development, product trials, market-entry<\/span><span data-contrast=\"auto\">,<\/span><span data-contrast=\"auto\">\u00a0and\u00a0<\/span><span data-contrast=\"auto\">commercialization<\/span><span data-contrast=\"auto\">\u00a0of products or ideas.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"8\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Funding:\u00a0<\/span><\/b><span data-contrast=\"auto\">The Scheme\u00a0<\/span><span data-contrast=\"auto\">will\u00a0<\/span><span data-contrast=\"auto\">offer<\/span><span data-contrast=\"auto\">\u00a0startups up to Rs. 20 Lakhs as\u00a0<\/span><span data-contrast=\"auto\">a\u00a0<\/span><span data-contrast=\"auto\">grant for Proof of Concept.\u00a0<\/span><span data-contrast=\"auto\">Upto\u00a0Rs. 50 Lakhs can also be availed through convertible debentures or debt or debt-linked instruments for commercialization<\/span><span data-contrast=\"auto\">.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><b><span data-contrast=\"auto\">Fund of Funds for Start-ups(FFS) Scheme:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"7\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">It was launched by the Prime Minister in 2016 in line with the Start-up India Action Plan.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"7\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Purpose:\u00a0<\/span><\/b><span data-contrast=\"auto\">The fund has a corpus of INR 10,000 crore and is managed by Small Industries Bank of India(SIDBI) for contribution to the corpus of Alternat<\/span><span data-contrast=\"auto\">iv<\/span><span data-contrast=\"auto\">e Investment funds(AIFs) which in turn invest in equity and equity<\/span><span data-contrast=\"auto\">&#8211;<\/span><span data-contrast=\"auto\">linked instruments of various Startups.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><b><span data-contrast=\"auto\">Startups in India:<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">India is home to the world&#8217;s third<\/span><span data-contrast=\"auto\">&#8211;<\/span><span data-contrast=\"auto\">largest startup\u00a0<\/span><span data-contrast=\"auto\">ecosystem.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">There<\/span><span data-contrast=\"auto\">\u00a0are over 41,000 startups in the country.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"3\" data-aria-level=\"1\"><span data-contrast=\"auto\">In 2014, there were only four startups in the unicorn club but in 2020 there are more than 30.<\/span><span data-contrast=\"auto\">\u00a0<\/span><span data-contrast=\"auto\">Further, 11 of these startups entered the unicorn club in 2020 itself.\u00a0<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li data-leveltext=\"\u25cf\" data-font=\"Times New Roman\" data-listid=\"4\" aria-setsize=\"-1\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">The startups in India are not limited to big cities and about 40% of such budding entrepreneurs are coming from tier-II and -III cities.<\/span><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:276}\">\u00a0<\/span><b><span data-contrast=\"auto\">Further Reading on Prarambh Summit:\u00a0<\/span><\/b><a href=\"https:\/\/forumias.com\/blog\/prarambh-startup-india-international-summit\/\" target=\"_blank\" rel=\"noopener noreferrer\">http:\/\/bit.ly\/3qzwkuh<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Why in\u00a0News?\u00a0 Rs 1,000-crore &#8216;Startup India Seed Fund&#8217;\u00a0was launched\u00a0during the &#8216;Prarambh: Startup India International Summit&#8217;.\u00a0 \u00a0Salient features of Startup India Seed Fund Scheme:\u00a0 Objective:\u00a0Fund has been\u00a0set up to provide initial\u00a0capital to the startups.\u00a0After that start-ups will be provided with the Govt.\u00a0Guarantees,\u00a0to help them raise debt capital.\u00a0 Coverage:\u00a0The fund would offer financial assistance to startups for&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/startup-india-seed-fund\/\">Continue reading <span class=\"screen-reader-text\">Startup India Seed Fund\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":77706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,3127,9,959],"tags":[1302,1403],"class_list":["post-77699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-factly-articles","category-economy","category-public","category-schemes","tag-eco_7","tag-eco_71","entry"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/forumias.com\/blog\/wp-content\/uploads\/2021\/01\/Startup-India-Seed-Fund.jpg?fit=1280%2C720&ssl=1","views":{"total":0,"cached_at":1700791557,"cached_date":1704950762},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/77699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=77699"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/77699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media\/77706"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=77699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=77699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=77699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}