SISFS is an initiative designed to provide financial assistance to early-stage startups, enabling them to develop and validate their ideas and progress toward commercialization. The program supports startups with funding for proof of concept, prototype development, product trials, market entry, and commercialization.
SISFS at iTIC focuses on assisting startups using technology in their core products, services, or business models. The scheme offers a grant of up to INR 10 Lakhs for proof of concept, prototype development, and product trials, and up to INR 50 Lakhs for market entry and scaling activities through convertible instruments. The program aims to help startups scale up to a level where they can secure further investments from angel investors, venture capitalists, or loans from financial institutions.
SISFS is a government-backed scheme providing early-stage funding to startups for developing and validating their business ideas and products.
The SISFS program provides funding support for startups over a period of up to two years.
Startups can apply through the Startup India portal, where they can choose their preferred incubators. Applications are accepted on an ongoing basis.
Graduating startups become part of the iTIC Alumni Network, gaining access to the broader ecosystem of IIT Hyderabad, including students, faculty, researchers, mentors, investors, and policymakers. This network provides ongoing support and resources to help startups grow further.
