KIIT-TBI Ecosystem with the support of
DEPARTMENT OF SCIENCE & TECHNOLOGY (DST), MINISTRY OF SCIENCE & TECHNOLOGY, GoI
DST NIDHI SSS
Early-Stage Startup Investment Fund
Funding upto INR 1 Crore
ABOUT: DST NIDHI SSS
NIDHI-Seed Support System is an initiative of the National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science & Technology. A wide gap exists in the financial support required by technology-driven start-ups in their initial phase which is not being addressed properly. The basic idea of seed support is providing financial assistance to potential startups with promising ideas, innovations, and technologies. NIDHI Seed Support Program (NIDHI-SSP) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization, etc.
Objectives: DST NIDHI SSS
◉ The objective of the NIDHI-Seed Support System (NIDHI-SSS) is to ensure timely availability of seed support to deserving incubated startups.
◉ To help startups expand to bigger market space and scale their revenue generation.
◉ Enabling startups to take their venture to the next level and facilitate their success in the marketplace.
Duration: DST NIDHI SSS
◉ Debt Moratorium Period- Upto 12 Months and Repayment up to 3-5 Years
◉ Equity Financing – 3-5 Years
Eligibility: DST NIDHI SSS
◉ Incubatee has to be an Indian-recognized start-up.
◉ The startup must have its prototype/Product ready for commercialization.
◉ The seed support would generally cater to early-stage financing for commercialization of the indigenous ideas, innovations, and technologies.
Funding: DST NIDHI SSS
Upto 1 CR in Soft Loan , Equity or Equity Linked Instruments
Impact: DST NIDHI SSS
Call Announced
Application Received
STARTUP SUPPORTED
External Investment raised
STARTUP VALUATION
Product Commercialized
Thematic: DST NIDHI SSS
Healthcare
Agri Tech
Manufacturing
Energy
IoT
AI/ML
Fintech
Clean Tech
Other Emerging Technology
Defence
TImeline: DST NIDHI SSS
DST NIDHI SSS Program BenEfits
Connecting with different potential stakeholders
Opportunity to pitch for follow-on funding under other KIIT-TBI's programs.
Tailored mentoring in areas like IP, Legal, Regulatory, Business Development.
Specific functional and domain knowledge sessions to build better.
Cohort Details: DST NIDHI SSS
- All
- Cohort-1
FAQs: DST NIDHI SSS
- Post receiving the applications , an internal committee will go through the eligibility of each applicant.
- Most mapping the eligibility, applications will be shortlisted for further round of evaluation.
- Shortlisted applicants will present to NIDHI-SSMC.
- NIDHI-SSMC will select the applicants for further due diligence.
- After due diligence, the final results will be declared.
- Formal business plan for the idea they intend to pursue
- Business presentation including the investment proposal
- Proof of citizenship (Aadhaar)
- Passport size photo
- SC/ST Certificate (if applicable)
The entire process will take around 3 months to get completed. The applicants will receive a confirmation mail from TBI upon receiving the application.
The fund is disbursed usually in 2 tranches based on the milestones submitted by the Startup. The funding amount is finalized by the NIDHI-SSMC during the presentation round.