About Seed Funding
KSIDC has launched Seed Funding Assistance Scheme for supporting innovative Startups in the State in the year 2015. A maximum of Rs. 25 lakhs will be provided to start-ups with innovative products or ideas after screening of their project in three different stages. The seed fund assistance will be sanctioned as Soft Loan for a period of one year at the prevailing RBI bank rate as on the date of sanction of financial assistance. After one year, the Company shall either take necessary steps to convert the soft loan into Equity Capital or repay the soft loan with applicable interest. Till now, we have sanctioned seed fund assistance to 72 innovative start-ups amounting to Rs.15.28crs. The sanctioned companies are those which are into health services, agriculture, web & application development, e-commerce platforms, fintech, engineering, robotics, ayurveda, financial services, media & film distribution, advertising, educational services, food processing, human resource training, biotechnology, freight services.