Seed fund- Application form
You need to fill only ONE APPLICATION FORM for all the seed funds @ Venture Center; You can choose one or more seed funds while applying.

For specific information on each seed fund please visit

BIRAC SEED: https://venturecenter.co.in/birac_seed.php
BIRAC LEAP: https://venturecenter.co.in/birac_leap.php
NIDHI SSS   : https://venturecenter.co.in/nidhi-sss.php

Before submitting this application please read the terms of investment mentioned below:
Typical terms for Seed funding by Venture Center:
Investment mode: Equity ownership in a private limited company
Investment amount: Up to 100 lakh
BoD representation: 1 Board Nominee Director and/or 1 observer of Venture Center
Selected startup should be Resident Incubatee of Venture Center at the time of investment

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Typical terms for Seed funding by Venture Center: •1) Investment mode: Equity ownership in a private limited company. 2) Investment amount: Up to 100 lakh•  3) BoD representation: 1 Board Nominee Director and/or 1 observer of Venture Center• 4) Selected startup should be Resident Incubatee of Venture Center at the time of investment. Have you read and understood these terms of investment? Yes/no *
1. Applicant information
Applicant full name *
Are you associated with Venture Center?
Clear selection
Incubation program under which you are associated with Venture Center
Clear selection
Full postal address for correspondence *
Phone *
Email *
2. Organization information
Name of organization *
Legal status of organization (tick one) *
Is your organization a subsidiary of MNC/foreign company? *
Whether majority of the shareholders (holding more than 51% shares) of your company are Indian citizens? *
Date of incorporation/registration *
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/
DD
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Alternative correspondence address (if different from above address of applicant)
Website
Nature of business (explain in brief) *
Age of business (years) *
We wish to apply for funding under the Seed Fund facilitated by Venture Center: *
We wish to apply for *
Required
Have you received any funding under any Seed Support Schemes from any incubator/institute in past? *
If yes, please mention details of investment received (please mention amount of seed fund investment received, mode of investment, under which seed fund and from which incubator/institute) *
We heard about Venture Center from *
Required
Is there atleast one dedicated entrepreneur associated with the company? *
Name of the person 100% dedicated to the applicant company *
% of shares held by person who is 100% dedicated to the applicant company *
Is there a formal, comprehensive business plan attached? *
Does the venture meet high ethical & professional standards? *
Do the key activities to be funded primarily include to pilot and commercialise products, scaling up,  developing IP portfolio, test marketing, certification etc.?Specify if other *
Does the venture has prototype ready? *
Do the venture’s activities meet EHS (Environment Health Safety) requirements? *
Is the venture already registered as a private limited company? *
Is there a strong technology/knowledge component in the venture? *
Have you filed any patents/copyright/trademark? is yes pls provide details separately.
How much is the amount of funding required ? *
Are the promoters willing to share equity in exchange for Seed funding? *
Is the applicant a resident incubatee at Venture Center or ready to be a resident incubatee at the time of investment? *
The undersigned authorized representative of the applicant also declares that all the information given herein above is true and correct to the best of his personal knowledge and belief and also understands that in the event of any information found to be untrue or incorrect, the contract of the said services is liable to be terminated forthwith.   *
The undersigned authorized representative of the applicant also agrees not to make any claim or demand compensation unconditionally in any form, at any point of time, now or any time in future, on the information / technology details provided by you as trade secret or proprietary intellectual property. This information is required by Venture Center to assess the suitability for the purpose of providing funding support. Further Venture Center does not guarantee acceptance any funding assistance, and Venture Center has the right to reject any proposal without assigning any reason what so ever. Venture Center will not pay any compensation to you in any form for the delay in communicating the decision or rejecting the proposal at its own discretion. *
Name of the authorized signatory along with designation       *
I will email following details to funding@venturecenter.co.in in order to complete my application 1.Business plan 2.Current shareholding pattern  3.Resume of the key management personnel. *
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