Empowering Women Entrepreneurs: Raise up to Rs. 50 lakhs for seed funding by applying for SISFS through STEP

Are you a woman founder with an innovative idea who needs help securing seed funding? Are you seeking financial support to turn your idea into reality, develop a prototype, conduct product trials, or bring it to market?

About SISFS

DPIIT’s Startup India Seed Fund Scheme, with a significant outlay of INR 945 Crore, is dedicated to providing financial support for idea validation, product development, market entry, and scaling. 

Highlights of SISFS:

• Year-Round Call for Applications: Startups can apply anytime.
• Sector-Agnostic: Open to all sectors, from tech to social enterprises.
• Flexible Incubation: No mandatory in-person incubation; apply from anywhere in India.
• Collateral-free loans: The Startup India Seed Fund Scheme (SISFS) does not require collateral.
• Apply to Multiple Incubators: Startups can submit applications to 3 incubators simultaneously.

STEP is a recognized incubator by Startup India for the Startup India Seed Fund Scheme to provide seed funds to selected women-led startups.

To Apply now through STEP, click here, and choose CGLS Foundation as your first preference.

This program offers selected startups grants of up to Rs. 20 lakhs and debt funding of up to Rs. 50 lakhs at the repo rate In addition, mentorship with STEP is provided to help bring your idea to life.

Why Apply Through STEP?

At STEP, we understand the unique challenges women entrepreneurs face. SISFS through STEP is designed exclusively for women and non-binary founders, giving you a better chance of securing funding compared to other programs. With STEP’s guidance, you’re not only receiving funding but joining a supportive community that’s invested in your success.

Who Can Apply?

STEP welcomes applications from those who:

• Identify as Women or Non-Binary: Inclusive and supportive of diverse founders.
• Registered Entities: Your startup should be a Private Limited, LLP, or OPC.
• Recently Incorporated: Startups incorporated within the last two years are eligible.
• DPIIT Recognition: Obtain a DPIIT number for eligibility. Get DPIIT-recognized here.
• Innovative Solutions: Preference for startups creating impactful and original solutions.
• Technologically Driven: Startups should use technology as part of their core solution, business, or distribution model.
• Funding Limit: Should not have received more than Rs. 10 lakh in prior government support.
• Ownership Structure: A minimum of 51% Indian ownership as per the Companies Act and SEBI regulations.

Ready to Bring Your Idea to Life?

Apply now through STEP by selecting CGLS Foundation as your top preference incubator. Here, you’ll find the backing you need, from financial assistance to hands-on mentorship. Embrace the opportunity to scale up your business idea with STEP’s support in the SISFS program—join us in building a future led by women entrepreneurs!