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?
How much is the quantum of Seed Support?
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
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 :
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 sujoy.sen@iimcip.org
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 sujoy.sen@iimcip.org