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About Amrita TBI

Startup India Seed Fund Scheme (SISFS), created by the Department for Promotion of Industry and Internal Trade (DPIIT) with an outlay of Rs 945 Crore, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.
Amrita TBI is a partner incubator with DPIIT to implement SISFS and disburse funds to selected startups.

Amrita TBI is a non-profit startup incubator supported by Govt. of India and Amrita Vishwa Vidyapeetham that funds, mentors and nurtures ideas, startups and entrepreneurs. Virtual incubatees can operate from anywhere in India. Amrita TBI runs a scaled incubator program that incubates and accelerates startups that are in idea stages and growth stages. Amrita TBI also runs multiple programs such as Accelerator, PRAYAS for hardware startups and Entrepreneur-in-Residence with the objective to help startups scale nationally and internationally. Amrita TBI is looking for:

In 2017, Amrita TBI won the National Award for the Best Startup Incubator in India. Award was conferred by the President of India

Amrita TBI is one of the select 6 incubators that will be made world class under AIM, NITI Aayog, Govt. of India.

Amrita TBI was also listed among the Top-5 most prolific startup incubators in India by the Economic Times in 2015. Amrita TBI has incubated 208 startups and mentored more than 500 startup ideas.

“Amrita TBI is the rarest of the rare among the various startup incubators in India"
Amitabh Kant

Shri. Amitabh Kant

CEO, NITI Aayog
Government of India

Who can apply?

The startup must be recognized by DPIIT and should be incorporated not more than 2 years ago at the time of application. The entity must have a business idea to develop a product or a service with the market fit, viable commercialization, and scope of scaling. There should be a technology component in its core product or service, business model, distribution model, or methodology to solve the problem being targeted. We prefer startups creating innovative solutions in sectors such as social impact, waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defense, space, railways, oil and gas, textiles, etc. The startup should not have received more than Rs 10 lakhs of monetary support under any other Central or State Government scheme. This does not include prize money from competitions and grand challenges, subsidized working space, founder monthly allowance, access to labs, or access to a prototyping facility. The shareholding by Indian promoters in the startup should be at least 51% at the time of application to the incubator for the scheme, as per the Companies Act, 2013 and SEBI (ICDR) Regulations, 2018.No startup will receive seed support more than once.

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Funding

Up to Rs. 20 Lakhs as a grant for validation of Proof of Concept/ prototype development/product trials.

Up to Rs. 50 Lakhs of investment for market entry/ commercialization/ scaling

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Benefits

Funding
Funding

Up to Rs. 20 Lakhs as a grant for validation of Proof of Concept, or prototype development, or product trials. The grant shall be disbursed in milestones- based installments. These milestones can be related to the development of prototypes, product testing, building a product ready for market launch, etc. Up to Rs. 50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments.

Services
Discounted Services
  • $5000 credit from AWS for Amrita TBI incubated startups.
  • Discount up to 20% from a host of partners for accounting, legal services etc.
Co-working Space
Co-working Space

Incubation and co-working spaces in Kollam, Bengaluru and Coimbatore with access to 100+ cutting edge multidisciplinary labs at Amrita Vishwa Vidyapeetham.

GST exemption
GST Exemption

No tax for revenue upto INR 50 lakhs per year for a period of 3 years.

VC network
VC network

Access to VCs and angel investors for scaled funding.

Mentorship
Mentorship

Amrita TBI mentorship program brings in both national mentors and international mentors from Silicon Valley & Singapore with varied experience across multiple domains and sectors.

Internship pool
Internship pool

Large pool of engineering and management students from Amrita Vishwa Vidyapeetham -India's no 1 private university.

Mentors

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MR. ABHILASH SONWANE
Vice President, Cyberoam
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Dr. Alexander Muir
Customer Experience & Human Centred Design Leader
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MS. ALISON RICHARDS
Marketing Director, Intel
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DR. P. VENKAT RANGAN
Vice Chancellor of Amrita Vishwa Vidyapeetham, Chief Mentor
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DR. ARCOT DESAI NARASIMHALU
Managing Innovator, Simha Innovations Pte Ltd
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MR. AKASH AGARWAL
GM, SAP´s Enterprise
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MR. BHAVESH KOTHARI
Entrepreneur Startup Mentor
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MR. BIPIN PRADEEP KUMAR
Management and Strategy

Frequently asked Questions

FAQs
Startup India Seed Fund Scheme (SISFS)

Startup India Seed Fund Scheme (SISFS), created by the Department for Promotion of Industry and Internal Trade (DPIIT) with an outlay of Rs 945 Crore, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization.

Apply Now

What is Startup India Seed Fund Scheme?

Startup India Seed Fund Scheme (SISFS) provides financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.

Who can apply for SISFS?

A startup recognized by DPIIT, incorporated not more than two years ago at the time of application, is invited to apply for the scheme. Detailed eligibility criteria can be found at https://seedfund.startupindia.gov.in/about.

How much funding can a startup receive under the scheme?

A) Up to Rs 20 Lakhs as a grant for the validation of Proof of concept, prototype development, or product trials.

B) Up to Rs 50 Lakhs of investment for market entry, commercialization, or scaling up through convertible debentures or debt or debt-linked instruments.

C) A startup applicant can avail seed support in the form of grants and debt/convertible debentures each once as per the guidelines of the scheme

Which sectors are supported by the Scheme?

SISFS is a sector-agnostic scheme. Startups from any sector can apply for the scheme. Startups working on waste management, water management, financial inclusion, education, agriculture, food processing, biotechnology, healthcare, energy, mobility, defense, space, railways, oil and gas, textiles, and social impact will get preference.

Does a startup not recognized by DPIIT eligible to apply for SISFS?

No. Only DPIIT recognized startup can apply for SISFS. To get DPIIT-recognized, please visit https://www..startupindia.gov.in/content/sih/en/startupgov/startup-recognition-page.html

Can I apply for the scheme as an individual entrepreneur?

Individual entrepreneurs are not eligible to apply for support under the scheme. Only DPIIT recognized startups can apply for the SISFS.

Is there any minimum education qualifiacation criteria for founders to apply for SISFS?

There is no minimum education qualification required for founders to apply for SISFS.

What all can I use the seed fund for?

Seed fund shall strictly not be used by startups to create any facilities and shall be utilized for the purpose it has been granted. A grant can be used for validation of Proof of Concept, or prototype development, or product trials. A debt/ convertible debenture can be used for Market entry, Commercialization, or Scaling up.

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Accelerator Demoday
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Startup Pitching
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Startup Pitching
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Startup Pitching
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Investor connect
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Ours Startups

Testimonials

Amrita TBI is the rarest of the rare among the various startup incubators in India. I am particularly happy that Amrita TBI is recently ranked among Top 5 prolific incubators in India and mentored more than 200 startup ideas. I am delighted to see that Amrita TBI nurtures, supports and facilitates startups and also helps a lot of young startups and entrepreneurs. I wish Amrita TBI to scale up and support many more startups.
Krishna Chandra Dey

Amitabh Kant

CEO, NITI Aayog

We have been tremendously benefited from the incubation including the network, funding and value they brought on to the table. Amrita TBI has been always start-up friendly in their terms of engagement and investments. I can confidently say Amrita TBI stands among top incubators in India
Subrahmanya Rao

Subrahmanya Rao

Discover Dollar Consulting

The ecosystem Amrita TBI offers and most importantly advantage of incubating inside a university helped us to get constant guidance from professors and a continuous knowledge. It has been a wonderful experience and simply the best spent year I could have imagined for taking steps to start my own business
Prashanth Reddy

Prashanth Reddy

StudyOwl Education

Amrita TBI is the only one incubator which very effectively supports hardware startups in India. Acceleron Labs couldn’t think of any other better physical incubation other than Amrita TBI. The way Amrita TBI executes their plans are awesome and physical incubation space available at Amrita TBI Kollam, Bangalore and Coimbatore are excellent
L.K. Prasad

L.K. Prasad

Acceleron Labs

We greatly benefitted from technical and business mentorship provided. We started getting recognition and traction after we won Amrita TBI Pitchfest

Santhosh Patil

MiQasa

AmritaTBI was the first incubator we got into before we knew anything about the startup ecosystem. They recognized the potential of our product before we had acquired customers. They continue to support us today with connects and all the ancillary assistance required to run a company in India

Kodandarama M. A.

Preksh Innovations

Amrita TBI helps us to be instrumental in shaping my startup with their mentoring and feedback. We can very confidently share that, Amrita TBI has only one purpose which is to support STARTUPS for their success. It provides access to valuable resources as and when required without any agenda. This has proven by winning the National Award. We look forward to resourceful engagement with Amrita TBI for all our future endeavors

Rakesh Meladath

Meladath Auto Components

Amrita TBI has a large pool of mentors across the world. They helped us to fine tune and scale the product. We are grateful that mentors have supported us in deep tech areas such as Machine Learning to complete the product on time. It was an exciting journey for us with Amrita TBI

BKP Sharma

Founder- Agilean

Amrita TBI, a place of innovation, Where ideas are born, with a gentle rotation. A hub of creativity, and a beacon of hope, Inspiring young minds, to reach and to cope.
 
A place where technology meets with the heart, Where innovation is driven, by love from the start. A bridge between worlds, a path to success, Where new ideas are born, with no limit or stress.
 
With mentors and leaders, who guide the way, Amrita TBI, leads us each day. To a future so bright, and full of potential, Where our ideas can grow, and be instrumental.
 
So let us embrace, this place of wonder, Where we can find, our own path and adventure, With Amrita TBI, as our guide and friend, We can achieve greatness, that knows no end.

Incubatee

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