Editorial Team

Crescent Innovation and Incubation Council (CIIC) today presented the ‘Sanction Letters’ of the Startup India Seed Fund Scheme (SISFS), an initiative by the Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Government of India to 12 qualified start ups. The SISFS scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry, and commercialization.

12 startups out of 267 have been qualified to receive a total fund of Rs. 2.5 Crores through CIIC after a close- scrutiny by the ISMC (Incubator Seed Fund Management Committee), a committee comprising of an eminent mix of investors, mentors, state-government representatives and successful entrepreneurs.

The 12 startups awarded with the fund are, Accelered Sciences Pvt. Ltd., Chennai; Aloe EcellPvt. Ltd., Lucknow; Arma Citizens Wellness Pvt. Ltd., Chennai; Enmaz Engineering Services Pvt. Ltd., Bengaluru; Grittier Solutions Pvt. Ltd., Chennai; ISMO Bio-Photonics Pvt. Ltd., Chennai; Isoport Chamber Pvt. Ltd., Mumbai; Qbiogen LLP, Chennai; Simbioen Labs & Scientific Services Pvt. Ltd., Chennai; StylerentPvt. Ltd., Telengana; Vivalyf Innovations Pvt. Ltd., Hyderabad; Yagen Robotics LLP, Chennai.

As of July 2021 the Incubator Seed Fund Management committee received a total of 264 applicatoins of which 35 applications where shortlisted out of which 17 applications where selected. Of this final list, sanction orders have been issued to 12 applicants. A total fund of 2.5 Cr has been allocated for these 12 start ups.

The fund allocated to the start-ups are as below:

Sl. No.Name of the startupNature of BusinessSectorCityStateFund Allocated Rs. In LakhsType of Fund
1Aloe EcellPvt. Ltd.Battery from AloeveraEnergy ManagementLucknowUttar Pradesh40Optionally Convertible Debenture (OCD)
2Vivalyf Innovations Pvt. Ltd.Non Invasive glucometerLife ScienceHyderabadTelangana40OCD
3StylerentPvt. Ltd.Digital Rental Branded Boutique StoreService SectorMedchal MalkajgiriTelangana25OCD
4Enmaz Engineering Services Pvt. Ltd.Customized digital embedding softwareIndustry 4.0BengaluruKarnataka25OCD
5Accelered Sciences Pvt. Ltd.Down Syndrome detection kitLife ScienceChennaiTamilNadu5Grant
6ISMO Bio-Photonics Pvt. Ltd.3D printing device to develop brain cellsLife ScienceChennaiTamilNadu10Grant
7Yagen Robotics LLP Robotic Kits for new way learningIndustry 4.0ChennaiTamilNadu25Debt
8Qbiogen LLPMolecular Diagnostic Detection KitLife ScienceChennaiTamilNadu5Grant
9Arma Citizens Wellness Pvt. Ltd.Senior Citizen Care applicationLife ScienceChennaiTamilNadu25OCD
10Simbioen Labs & Scientific Services Pvt. Ltd.Super Hydrophobic GlovesLife ScienceChennaiTamilNadu20OCD
11Isoport Chamber Pvt. Ltd.Isolation chambers for hospitalsLife ScienceMumbaiMaharashtra25OCD
12Grittier Solutions Pvt. Ltd.Gamification for digital marketingIndustry 4.0ChennaiTamilNadu5Grant

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