DST NIDHI Seed Support Scheme (SSS) at IIMK LIVE
Awards up to INR 1 crore in milestone-based seed funding to IIMK LIVE incubatees.
IIMK LIVE runs this fund under the Department of Science and Technology's NIDHI Seed Support System, so the money originates from a central government scheme administered locally by the incubator. Funding is milestone-based and released in tranches, structured as equity, debt, or a mix of both depending on the proposal, and a startup only becomes eligible for a tranche once it has completed at lea…
The scheme supports early-stage startups already incubated, or willing to be incubated, at IIMK LIVE, IIM Kozhikode's technology business incubator, to help bridge the gap between developing and commercialising new technologies, products or services. Indian promoters must hold at least 51% of the company, and startups already funded once under NIDHI-SSS may not apply again.
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