Seed Support System (SSS)
The program is designed to help the incubated startup companies with the Seed fund of upto INR 25 Lakhs. This seed fund supports startups to complete the development of product, launch, expand and grow their business. In exceptional cases, startups may be considered for funding of upto INR 1 Crore based on the need of startups and decision of Seed Support Management Committee (SSMC).
This program is supported by NSTEDB, Department of Science & Technology, Govt. of India and monitored by SSMC.
Eligibility Criteria
- The startup must be a company registered in India, preferably be a DPIIT registered/applied startup and should have completed a minimum 3 months of association with the incubator in its resident or virtual incubation program.
- The startup should have developed clarity on Unique Selling Preposition (USP) through customer validation and value proposition for its targeted customers.
- This support is not meant for Indian Subsidiaries of MNCs/foreign companies. Persons holding Overseas Citizens of India (OCI), Persons of Indian Origin (PIO) would be considered as Indian citizens for the purpose of this scheme.
- The shareholding by Indian promoters in the incubate startup should be at least 51%.
- Preference will be given to startups, who have not availed any funding from any Government of India / State Govt. body
Application Process
- Application submission by the startup
- Review of startups for eligibility
Selection Process
- Additional internal evaluation by the Incubator and/or due diligence
- Startups pitch to the Seed Support Management Committee (SSMC)
- Final decision on startup funding after considering the recommendations from the SSMC
- Final Due diligence and formation of term sheet, financing structure and agreement
- Issue of Sanction Order & Fund after the agreement
Below are the startups that have received seed funding from the Jain University Incubation Centre with support from NSTEDB, DST (Department of Science & Technology), Govt. of India under the NIDHI Seed Support System (SSS).
GSeas Technologies LLP
Founder Name: Mr. Yashwant Gourisetti
Seed Fund received in the FY: 2019-20
Description:
Gseas offers an online cloud based learning and knowledge
collaboration platform that simplifies learning and knowledge sharing within
the organization, as well as with partners across organization boundaries.
Nutri Paradise Food LLP
Founder Name: Mr. Ravi Kiran
Seed Fund received in the FY: 2019-20
Description:
NutriParadise is a pioneer company in the field of convenient functional food products which
are made specifically for particular health/disease conditions for hospitalized patients.
The company supplies Therapeutic Convenient Foods, multivitamins Foods to Patients in
Hospitals mainly focused in Bangalore city.
Red Lounge Capital Pvt. Ltd.
Founder Name: Mr. Nehal Batheja
Seed Fund received in the FY: 2019-20
Description:
Red Longue is a Fintech company. The company provides services such as Mutual Funds,
SIP Investment, Life Insurance, General Insurance which comes under SMEs/MSME and serves
at BFSI Industry to its clients and is developing an intelligent platform to revolutionise
the way individuals look at investments.
Passionconnect Technologies LLP.
Founder Name: Mr. Shubham Deva
Seed Fund received in the FY: 2019-20
Description:
Passion connect is a unique entrepreneurial venture that empowers the youth/students
to live their passion. Passion Connect's 360 - degree program, is based on its comprehensive
research based tool that draws actionable insights about the passion of users.student.
Hachiko Technologies Pvt. Ltd.
Founder Name: Ms. Amrutha Desai
Seed Fund received in the FY: 2020-21
Description:
Hachiko a platform that enhances Student Engagement at Colleges by building
a campus community and discoverability pivoted on students. The AI based algorithm
used in the app matches qualified, pre-assessed students with opportunities that
need them. By emphasising aptitude, skills alongside academic accomplishments,
Hachiko gives companies access to a growing, qualified student pool. So an improved
services for hiring process for the client companies and new early career opportunities
for students connecting them to internships, part time jobs, volunteering and full time jobs.
Alpha Rock Ventures Pvt. Ltd.
Founder Name: Mr. Suraj Nambiar
Seed Fund received in the FY: 2021-22
Description:
Alpha Rock is an emerging EdTech platform with AI engine driving the users
to relevant content of top world class speakers and celebrities such as Karan
Johar, Nikhil Kamath. The company founded in the year Jan 2021 and incorporated
in Bangalore.
Smartgeniee Miniature FMS Pvt. Ltd.
Founder Name: K. Rajesh Kumar
Seed Fund received in the FY: 2022-23
Description:
Smartgeniee is a miniature facilities management expert app and AI based AMC
solutions for all FM services at home. Individual houses, flats and SMEs are
the target audience with Bangalore being the entry market city with Chennai,
Hyderabad, Cochin and Mumbai being the growth market cities.
Aasabie - India's First Start-up Infotainment Hub
Founder Name: Nishit Purswani
Seed Fund received in the FY: 2022-23
Description:
Aasabie is India's first start-up infotainment hub, designed to empower entrepreneurs
and start-ups through a comprehensive, start-up-to-start-up platform. Aasabie offers
a range of features, including:
- News Feed: Up-to-date start-up and business information covered by our business journalists.
- Marketplace: A venue for start-ups to list and sell their services and products.
- Events Section: A global event explorer with direct ticket booking.
- Job Section: A resource for start-ups to find talent on their own terms.
- Funding Feature: A platform for start-ups to list their investment needs and connect with our investors club.
- Mentor Community: Access to mentors from India and around the world, with options for calls, chats, and live networking.
- Courses: An edtech program offering courses for aspiring founders to learn and build their start-ups.
Aasabie aims to create a dynamic and supportive ecosystem for entrepreneurs by providing essential tools and resources for growth and success.