Start up funding

Why Seed Funding is required for Startups

Startups Plays a very vital role in the growth of economy of the country with their unique ideas & Products. Startups needs fund for setting up of the Organisation, hiring manpower, working capital and for various other activities.

Therefore, Easy availability of funding is essential for startups at the beginning for the growth of the enterprise.

Angel investors and venture capital firms provides funds to startups only once proof of concept has been provided. Similarly, banks provide loans only to asset-backed applicants.

Therefore Seed Funding is essential for the initial setting up of the Startups.

Purpose of the Seed Funding

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

• This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions.

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