LabCanvas Private Limited
A DPIIT-recognised deep-tech founder needed non-dilutive seed capital to move from a validated prototype toward a market-ready product — and had to present a Startup India Seed Fund (SISFS) application that would clear an incubator selection committee.
A clear-eyed look at where they stood.
A DPIIT-recognised deep-tech founder needed non-dilutive seed capital to move from a validated prototype toward a market-ready product — and had to present a Startup India Seed Fund (SISFS) application that would clear an incubator selection committee.
CapEasy structured the SISFS proposal end to end: DPIIT eligibility, the case for the convertible-debenture (scaling) instrument over a grant, and a utilisation plan mapped only to scheme-permitted heads.
We built the milestone-linked tranche plan and the financial model the committee assesses, and shaped the narrative so the technical work read clearly to a non-specialist panel.
The outcome
The application was approved for a ₹40 lakh SISFS convertible debenture through the NSUT incubator. A Seed Fund approval is the incubator committee’s sanction; actual disbursement follows the scheme’s due-diligence and compliance milestones and is not guaranteed.
This describes work CapEasy delivered in a real engagement. Outcomes vary by company, sector and stage; nothing here is a promise of a similar result. CapEasy is a private consultancy and is not affiliated with any government authority.