About Seed Funding
Seed Funding is provided to innovative ventures/potential start-ups promoted by young entrepreneurs, subject to a maximum of Rs 25 lakhs per venture or 90% of the initial cost of the project, whichever is lower. The objective of the Scheme is to promote entrepreneurship among the youth of the State making them job providers rather than job seekers. KSIDC has sanctioned seed fund to 100+ innovative start-ups. The sanctioned companies are those which are into health services, agriculture, web & application development, ecommerce platforms, engineering, ayurveda, financial services, media, advertising, educational services, food processing, human resource training, biotechnology, freight services, defence-technology. The seed fund assisted companies of KSIDC has created employment opportunities for 1000+ persons.