Seed Funding under NSTEDB Seed Support System


IIM Calcutta Innovation Park (IIMCIP) is hosting a seed fund under the scheme “Seed Support System for Start-ups in Incubators” of NSTEDB, Department of Science & Technology, Govt of India.

The seed support would generally cater to early stage financing for commercialization of the indigenous ideas, innovations and technologies.

Applications are invited from early-stage start-ups seeking funding assistance under this scheme.

What are the Eligibility Conditions?

    • Start-up should be currently incubated at IIMCIP
    • Start-up should be a registered private limited company with minimum of three months residency at IIMCIP
    • Organization must be an Indian start-up. Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme. The shareholding by Indian promoters in the start up should be at least 51%


How much is the quantum of Seed Support?

  • Upto 25 lakhs


What are the broad areas and items to be covered under the Seed Support Assistance?

The start–ups would be supported primarily on the following from the seed support

  • Product development
  • Testing and Trials
  • Test Marketing
  • Mentoring
  • Professional Consultancy ( To attract professors/experts from institutions to work with start ups.)
  • IPR issues
  • Manpower for day to day operations


How would the selection process be ?

Application in prescribed format need to be submitted by the start-ups. Completed applications would be screened by the seed support management committee.  A complete business plan in pdf / ppt needs to be submitted along with the application. Please ensure that the areas mentioned below are covered in your business plan :

  • Team
  • Problem / Market Need
  • Product / Service
  • Revenue Model
  • Current Stage and Milestones
  • Current financials and projections
  • Funding Requirement and Usage of Funds


The shortlisted start-ups need to present their business plan in person before the seed support management committee, date of which would be intimated subsequently.

Click here to download the Application Form

Deadline for submitting application : 8 May 2016

Completed applications to be sent to

Additional Information

IIMCIP would execute a legal agreement with the incubatees who are selected for the seed support and this agreement should be signed before the release of the first instalment of seed fund to the incubatee. Subsequent disbursement schedules should be linked to the achievement of milestones of the incubatee.

Please note that the support would be treated as a soft loan /minority equity stake of IIMCIP depending on the start-up.

For any other queries, please contact