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Nidhi Seed Support

Seed funding for early stage startups

NIDHI Seed Support Scheme is to provide financial assistance to the deserving incubated startups of IIMUIC with promising ideas, innovations, and technologies and ensure timely availability of the seed support to enable them to scale their venture in the market place. This would enable some of these incubatee startups with innovative ideas/technologies to graduate to a level where they will be able to raise investments from angel investors/ venture capitalist or they will reach a position to seek loans from commercial banks /financial institutions.

Funding support upto 25 Lakhs per Startups

Eligibility Conditions for Incubatee Startups for seed support

Technology backed startup in any sector with customer traction and initial revenues

The startup should be a registered company in India and based on our selection process will be incubated with IIMUIC and post incubation period of 3 months, will be considered for investment.

The Seed Support would be disbursed to incubatee (physical or Virtual) only based on the recommendation of the Seed Support Management Committee constituted by the incubator. The instrument of investment shall be Equity Financing.

The share holding by Indian promoters in the incubate start up should be at least 51%.

Broad Areas to be covered under the financial assistance include: