The Indian central government has allocated Rs 611 crore to 165 incubators under Startup India Seed Fund Scheme, a flagship initiative of the government of India, intended to catalyze startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in the country.

The India’s government started Startup India Seed Fund in April 2021, with a corpus of Rs 945 crore over four years of 2021-2025. Two years of the startup India seed fund scheme, now it is with 165 incubators on-boarded, who had then gone on to give funds to about 1,000-plus startups, Sixty-five per cent of these startups are from Tier-II and Tier-III cities, and 50 per cent of these startups were led by at least one women director.