Startup India Seed Fund Scheme (SISFS) – FAQ

SISFS is an initiative by Startup India designed to support early-stage startups through grants, debt funding, and structured mentorship. At STEP, we specifically empower women and non-binary leaders to turn their ideas into successful, scalable ventures through this scheme.

STEP runs the SISFS program in collaboration with Startup India, offering:

  • Grants and debt funding for idea-stage and growth-stage startups
  • Post-selection mentorship by experienced founders and experts
  • Ongoing support in areas such as business planning, compliance, and investor readiness

To qualify, applicants must:

  • Identify as a woman or non-binary individual
  • Be in a key leadership or decision-making role in the organization
  • Be registered as a Private Limited Company, LLP, or OPC
  • Possess a valid DPIIT registration number

Be within 2 years of incorporation

  • Apply online through the SISFS portal and select STEP as your preferred incubator.
  • An eligibility check is done to ensure your startup meets all criteria.
  • Review by experts – a selection committee of industry professionals evaluates your application.
  • Shortlisting is based on your business model, innovation, and potential impact.
  • Selected startups receive funding support and personalized mentorship.
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The SISFS program is ongoing, with applications accepted on a rolling basis. Selection rounds are conducted periodically. After an initial screening, shortlisted startups pitch before the ISMC members for final selection.

From the date of application to the conclusion of the selection process, the entire procedure typically takes 2 to 3 months.

Interested founders can apply anytime through the STEP website.

Applying through STEP gives you:

  1. A gender-responsive support system designed for women and non-binary founders
  2. Strategic mentorship from experienced entrepreneurs and experts
  3. Access to funding through grants and debt support
  4. National visibility via events, showcases, and ecosystem networks
  5. Tailored guidance to help you grow from idea to impact
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