NIDHI Seed Support
The NIDHI-Seed Support System (NIDHI-SS) by the Department of Science & Technology provides funding for TourismTech startups to scale and commercialize their products.
The benefits
Through the NIDHI Seed Support Scheme, TourismTech startups can access crucial funding and incubation support to bring their ideas to life.
Tailored Mentorship
Receive expert guidance to refine strategies and navigate challenges for success.
Access to Funding
Connect with investors to accelerate growth and achieve your entrepreneurial goals.
Collaborative Workspaces
Work in a creative space that enhances productivity and networking opportunities.
Skill Development Workshops
Join our workshops to develop essential skills for a competitive market.
Networking Opportunities
Build relationships with entrepreneurs, industry leaders, and investors to elevate your startup.
Market Insights
Access research to identify opportunities and tailor offerings to customer needs.
Program objectives
Through the NIDHI Seed Support Scheme, we encourage TourismTech startups to meet these objectives.
Resource Focus
Direct funds to technology development and market entry.
Financial Aid
Provide funding for scaling and commercializing TourismTech startups.
Responsible Use
Ensure funds are used responsibly, prohibiting non-business or personal expenses.
Product Development
Enable startups to develop impactful tourism technologies and products.
New Applicant Priority
Favor startups without prior government funding.
Attract Investments
Build a strong financial base to attract additional investments.
Our Clients
FiiRE™ Goa proudly supports a diverse portfolio of innovative startups in sectors like TourismTech® and sustainable technology. They benefit from tailored incubation, mentorship, and agnostic funding like grants and equity support, driving innovation to impact Goa’s economy.
180+
Startups Supported
52
Startups Funded
Do you meet our selection criteria?
Incubation Requirement
Startups must have completed a minimum of three months of physical or virtual incubation at FiiRE, ensuring foundational support before applying.
Company Registration
Eligible startups must be officially registered as companies in India, confirming their legal status to operate within the country.
Indian Citizenship
Individuals with Overseas Citizenship of India (OCI) and Persons of Indian Origin (PIO) are considered Indian citizens for eligibility purposes, broadening access for the Indian diaspora.
No Foreign Subsidiaries
The scheme is not applicable to Indian subsidiaries of multinational corporations or foreign companies, focusing support on domestically owned startups.
Promoter Shareholding
At least 51% of the startup’s shares must be owned by Indian promoters, ensuring strong local ownership and commitment.
Funding History Preference
Preference will be given to startups that have not received prior funding from any government body, encouraging new entrepreneurial ventures.
Ready to apply?
Let us help you raise funds.
FAQs
How does NIDHI Seed Support facilitate scaling for startups?
The NIDHI Seed Support Program aids startups in establishing a robust foundation for growth by providing financial resources and mentorship, allowing them to overcome initial challenges and focus on product development and market entry strategies.
What specific activities are prioritized for funding under NIDHI Seed Support?
Funding is primarily allocated for technology development, risk mitigation, and scaling activities, with strict guidelines to ensure that at least 90% of the funds contribute directly to the startup’s core objectives rather than administrative costs.
What are the implications of the eligibility criteria for applicants?
The emphasis on first-generation entrepreneurs and Indian shareholding aims to promote innovation among local talents, discouraging applications from foreign subsidiaries, thus reinforcing the initiative’s commitment to fostering indigenous entrepreneurship.
The NIDHI Seed Support Program aids startups in establishing a robust foundation for growth by providing financial resources and mentorship, allowing them to overcome initial challenges and focus on product development and market entry strategies.
Funding is primarily allocated for technology development, risk mitigation, and scaling activities, with strict guidelines to ensure that at least 90% of the funds contribute directly to the startup’s core objectives rather than administrative costs.
The emphasis on first-generation entrepreneurs and Indian shareholding aims to promote innovation among local talents, discouraging applications from foreign subsidiaries, thus reinforcing the initiative’s commitment to fostering indigenous entrepreneurship.
