DPIIT undertaking third-party assessment of Startup India Seed Fund scheme

The Department for Promotion of Industry and Internal Trade (DPIIT) is undertaking a third-party assessment of the Rs 945-crore Startup India Seed Fund Scheme to see its impact on the ground, a senior government official said on Tuesday.

The scheme, launched in April 2021, aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialisation. The fund was divided into four years for providing seed funding to eligible startups through incubators across India.