Startup Support(Seed Funding & Scaleup Assistance)
- Seed Funding
- To provide seed fund assistance to innovative start-up ventures / potential start ups
- Loan assistance of up to 90% of initial project cost shall be provided
- Lending limits shall be Rs. 25 Lakhs
- Shall be treated as soft loan to the entity
- Soft loan to be repaid within 3 years
- Interest rate of 6.50% (i.e., bank rate as on date of sanction)
- Scale Up Funding
- For those seed fund assisted start-ups of KSIDC that have successfully completed the product development and have introduced their product in the market, started commercial operations / generating revenues
- Further financial assistance of up to Rs. 50 lakhs for scaling up their business activities, subject to a maximum of 80% of project cost
- Scale up support will be given as a soft loan for a period of 3 years
- Interest rate of 7.00%
- How to apply
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- Start-ups that wish to avail assistance from KSIDC can call our Startup Cell helpline number (Ph:0484-2323010) or you can meet the single point contact (Sarath K, BDE, KSIDC) or email us your business plan to [email protected]
- The applicant will be contacted and guided for submission of the application offline/online
- On receipt of the proposal, KSIDC will interact with the applicant/company
- Once the application is submitted, a preliminary evaluation by the Start up Team will be undertaken.
- The proposal is then placed before the Committee entrusted for evaluation and applicants shall be invited to present their proposal before the committee for final approval.
