Seed Funding

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User Guide

Seed Funding

KSIDC has started providing seed funding in 2014 after the first Young Entrepreneurs Summit (YES). Seed Funding shall be 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. We have sanctioned a seed fund assistance of Rs.18.23 Crores to 85 units assisted so far.

Procedure for Applying Seed Fund Assistance at KSIDC

  1. Start up companies wish to avail seed fund assistance from KSIDC can call our Startup Cell helpline number (Ph:0484-2323010)  or you can meet the single point contact (Mr. R Prasanth, DGM, KSIDC) or email us your business plan ([email protected]).
  2. On receipt of the proposal, the KSIDC Start up Team will interact with the company.
  3. If the product is found innovative and has the potential to develop into a commercially viable project, Business plan template and seed fund application form will be issued to the company.
  4. Once on the application is submitted, a preliminary evaluation by the KSIDC Start up Team will be undertaken.
  5. The proposal then placed in the Internal Screening Committee of KSIDC and Applicant is invited to present his/her proposal before the committee.
  6. The proposal cleared by the Internal Screening Committee shall be placed before the Sub Committee of the Board of KSIDC and selected Applicants shall be invited to present his/her proposal before the committee for final approval.

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Last Updated on: 20 November 2019
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