Bedrock Solutions Private Limited

A clear-eyed look at where they stood.

Bedrock Solutions Private Limited builds RF and microwave engineering hardware, a category where the money goes into components, test equipment and prototype iterations long before there is a product to sell. That spending pattern rules out most early debt and makes equity dilution at seed stage a real cost, not just a formality. The founders wanted a non-dilutive route that could carry the company from a working prototype to something a customer could actually deploy.

SISFS was the obvious scheme to target, but deep-tech applications tend to get penalised on the same points: a use-of-funds plan that reads as R&D spending in disguise, or a budget that mixes permitted and non-permitted heads without a clean split. For a hardware startup, the gap between what SISFS funds and what the balance sheet actually needs is easy to misjudge.

CapEasy built the application around what SISFS is designed to fund: a phased path from prototype to market entry, not open-ended research. That meant breaking Bedrock’s roadmap into milestones an incubator committee could evaluate on its own terms, each with a budget head that mapped cleanly to permitted activities.

We built the financial model underneath those milestones so the numbers held together end to end, spend by stage, runway implied by each tranche, and the point at which the product could support itself commercially. The proposal was then aligned line by line against the scheme’s eligibility rules before it went to the incubator.

A SISFS application is judged by a DPIIT-approved incubator, not by the applicant’s own projections. The incubator’s committee reads the milestone plan against what it has seen work and fail across its own portfolio, so a budget that is internally consistent but doesn’t map to their permitted-activity categories gets pushed back regardless of the underlying technology.

The outcome

Bedrock’s application was approved for a ₹11 lakh SISFS grant through the MIT Pune incubator. That approval is the incubator committee’s sanction, not a disbursed sum. Actual disbursement follows the scheme’s own due-diligence and compliance milestones and is not guaranteed.

What made it work

The application held up because the milestone structure and the budget were built together, not bolted on afterward. A phased plan that doesn’t match its own spend heads is the first thing a committee flags, and for a hardware business the honest version of that plan, prototype cost, market-entry cost, the line between them, was the whole case.