{"id":6023,"date":"2022-07-04T10:49:34","date_gmt":"2022-07-04T10:49:34","guid":{"rendered":"https:\/\/www.urbanly.in\/pune\/?p=6023"},"modified":"2022-07-04T10:49:34","modified_gmt":"2022-07-04T10:49:34","slug":"pune-start-ups-apply-for-a-seed-funding-of-total-5-crore-by-sppu","status":"publish","type":"post","link":"https:\/\/www.urbanly.in\/pune\/city-updates\/pune-start-ups-apply-for-a-seed-funding-of-total-5-crore-by-sppu\/","title":{"rendered":"Pune start-ups, apply for a seed funding of total 5 crore by SPPU!"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1\"><p>The\u00a0Savitribai Phule Pune University\u2019s\u00a0SPPU Research Park Foundation\u00a0has received\u00a0<strong>seed capital of Rs 5 crore<\/strong>\u00a0under the\u00a0<strong>Startup India<\/strong>\u00a0scheme where\u00a0<strong>selected start-ups<\/strong>\u00a0will be provided\u00a0<strong>seed funds<\/strong>.<\/p>\n<p>The\u00a0SPPU\u00a0Research Park Foundation is a Section 8 company working in the field of startups. The foundation has received the fund through the Seed Fund Scheme under the Startup India program of the Central government. This is an opportunity for deserving start-ups to grow in scale.<\/p>\n<p>Any registered company, group, or individual can apply for this seed fund.\u00a0<strong>Eligibility conditions<\/strong>\u00a0have been announced at\u00a0<a href=\"https:\/\/seedfund.startupindia.gov.in\/\">https:\/\/seedfund.startupindia.gov.in\/<\/a>.<\/p>\n<p><strong>Apoorva Palkar<\/strong>, the director of the\u00a0<strong>Center for Innovation, Incubation and Linkages<\/strong>, said start-ups can apply for the concept, product development, product testing, market-entry, and commercialisation.<\/p>\n<p>Palkar said the\u00a0<strong>applications received will be scrutinised<\/strong>\u00a0by a committee of experts. Applicants will be notified of the result within 45 days. About 20% of the funds will be provided to the start-ups in the initial stage, while the remaining will be converted into debentures.\u00a0<strong>Only start-ups registered under the Department of Industrial Policy and Promotion (DIPP) can apply for this fund. Companies older than two years will not be able to apply.<\/strong><\/p>\n<p>Palkar said, \u201cSavitribai Phule Pune University\u2019s Center for Innovation, Incubation, and Collaboration and Research Park Foundation provides guidance on start-ups to students. This seed fund will help many start-ups to realise their innovations.\u201d<\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":29,"featured_media":6024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[1584,1585,1586],"class_list":["post-6023","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-city-updates","tag-pune-startups","tag-seed-funding","tag-sppu"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pune start-ups, apply for a seed funding of total 5 crore by SPPU! - Urbanly<\/title>\n<meta name=\"description\" content=\"Start-ups from Pune can apply for the concept, product development, product testing, market-entry, and commercialisation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.urbanly.in\/pune\/city-updates\/pune-start-ups-apply-for-a-seed-funding-of-total-5-crore-by-sppu\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pune start-ups, apply for a seed funding of total 5 crore by SPPU! 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