The Indian government continues to bolster the country’s startup ecosystem through its flagship Startup India initiative, launched on January 16, 2016, to drive innovation, entrepreneurship, and investment.

A key component of this initiative is the Startup India Seed Fund Scheme (SISFS), which provides financial assistance to startups via incubators for proof of concept, prototype development, product trials, market entry, and commercialization. The Experts Advisory Committee (EAC) is responsible for evaluating and selecting incubators to receive funding. Since its implementation on April 1, 2021, the scheme has selected 217 incubators with an approved funding of ₹916.91 crore as of January 31, 2025.

The government is also committed to fostering inclusive growth, ensuring that startups from disadvantaged backgrounds, rural, and tribal communities receive necessary support. Various flagship programs, including the Fund of Funds for Startups (FFS), Startup India Seed Fund Scheme (SISFS), and Credit Guarantee Scheme for Startups (CGSS), provide assistance at different stages of a startup’s lifecycle.

In addition, periodic initiatives such as States’ Startup Ranking, National Startup Awards, and Innovation Week contribute to the ecosystem’s development. Platforms like Startup Mahakumbh offer networking and collaboration opportunities, while digital tools like the Startup India portal and BHASKAR enhance accessibility to resources. The government is also encouraging corporates to support startups through mentorship, infrastructure access, resource sharing, market linkages, and investor connections.

The efforts are further complemented by regulatory reforms, ecosystem-building programs, and improved market access policies, ensuring that startups can scale effectively.

The information was shared by Minister of State for Commerce & Industry, Shri Jitin Prasada, in a written response in the Lok Sabha today.