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The Scheme Register / FFS

Department for Promotion of Industry and Internal Trade (DPIIT)

Fund of Funds for Startups (FFS)

EquityGrowth / ScalingStartup-specific
Support type
Equity
Best suited for
Scaling
How much
Corpus ₹10,000 crore; startup-level investment varies by AIF
Where you apply
sidbivcf.in

What is this scheme?

The Fund of Funds for Startups (FFS) provides capital to venture funds so they can invest in startups, helping increase the availability of funding and support the growth of India's startup ecosystem.

Objectives

The Government has established FFS to catalyze venture capital investments. It is operationalized by Small Industries Development Bank of India (SIDBI), which provides capital to SEBI-registered Alternative Investment Funds (AIFs) who in turn invest in startups through equity and equity-linked instruments.

Who can apply (eligibility)

  • SEBI-registered AIFs can apply for capital under the Scheme.
  • The funding is provided to DPIIT recognised startups by selected AIFs.

What do you get?

  • The Scheme has a corpus of ₹10,000 crore, which is aimed to be provided to startup through AIFs. The AIFs supported under the Scheme are to invest at least twice the contribution out of FFS in startups across stages

How to apply

  1. 01The application process for AIFs has been digitalised and a detailed application can be submitted by the AIFs on SIDBI's Fund Application Portal (https://vcfapplication.sidbi.in/login). The AIF applications undergo an eligibility screening and screening based on preliminary questionnaire.
  2. 02Eligible startups can approach selected AIFs for investments.
Apply on sidbivcf.in (opens in a new tab)

You will leave iHub India. Applications are made directly to Department for Promotion of Industry and Internal Trade — iHub India is not part of the process.