IIML Seed Fund
Investment Details
Investor Type
Venture Capital
Asset Class Focus
Venture Capital, ESG and Impact Investing
Stage Focus
Seed, Early Stage
Geographical Focus
India
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Real Estate
- Infrastructure
- Media
- Retail
- Agriculture
- Logistics
- Transportation
- Climate
- Consumer Services
- Clean Tech
- Waste Management
Investment Size:
5,000,000 to 25,000,000 USD
Investor Details Founded: 2008
IIML Seed Fund is a venture capital firm based in India, focusing on early-stage investments in sectors such as clean tech and climate. The firm is managed by the IIML Enterprise Incubation Centre (IIML EIC), which provides seed funding, mentorship, and resources to startups. IIML EIC's mission is to support innovative and technology-driven startups with high potential and national impact.
The fund offers financial assistance through various schemes, including the IIML-Venture Fund, NIDHI Seed Support Program (NIDHI-SSP), and Startup India Seed Fund Scheme (SISFS). These programs provide funding ranging from ₹25 lakhs to ₹100 lakhs, aiming to support startups in areas such as proof of concept, prototyping, product trials, market entry, and commercialization.
IIML EIC has a history of collaborating with various organizations to enhance its support for startups. For instance, in February 2024, it signed a Memorandum of Understanding with Balmer Lawrie & Co. Ltd. to incubate startups, reflecting its commitment to fostering innovation and entrepreneurship in India.
Requirements
- Registered company in India
- Shareholding by Indian promoters should be at least 51%
- Startup should be recognized by DPIIT
Contact
[Official Website Hidden]
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Mentioned In
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