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 should be a registered company in India with a minimum of 3 months residency in TBI.
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

Thematic: DST NIDHI SSS

healthcare sjkjsa

Healthcare

chip (1)

Agri Tech

manufacture

Manufacturing

bolt (1)

Energy

internet-of-things (2)

IoT

microchip (3)

AI/ML

fintech (2)

Fintech

renewable-energy (2)

Clean Tech

innovation (1)

Other Emerging Technology

defense (1)

Defence

TImeline: DST NIDHI SSS

Call Opens

Generally, for a window of 1 month

Shortlisting

Declaring the Shortlisted Candidates.

Selection

Presentation to Selection Committee.

Result

Final List of selected candidates

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

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.