Zone Startups India is also known as BRTSIF (BIL - Ryerson Technology Startup Incubator Foundation).

We provide seed funding to early-stage technology startups.

Startup India Seed Fund Scheme (SISFS) aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. This would enable these startups to graduate to a level where they will be able to raise investments from angel investors or venture capitalists, or seek loans from commercial banks or financial institutions.

Which startups do we prefer ?

  • Startups with a disruptive technology
  • Startups with a scalable business model
  • Startups building category defining products / services

We are looking to partner with entrepreneurs

  • Who dream to solve hard problems
  • Developing a market fit technology based solution
  • Attempting commercialization and go-to market
  • With a strong focus on path to profitability

Investment Focus

  • Stage = Seed
  • Ticket size = Up to INR 50 Lakhs
  • Sector = Agnostic (Technology focused)
  • Business model = Any (B2B or B2C)
  • Geography = Anywhere in India

What kind of startups are eligible to apply ?

  • DPIIT recognized startups
  • Incorporated less than 2 years ago
  • Shareholding by Indian promoters in the startup should be at least 51%
  • Startup should not have received more than Rs 10 lakh of monetary support under any other Central or State Government scheme.

Why us ?

Located on the 18th floor of the iconic BSE (Bombay Stock Exchange) building, with a panoramic view of the southern tip of Mumbai, Zone Startups India (BRTSIF) has been one of the leading incubators and accelerators in India since 2013. Since its inception, it has provided support to over 650 startups and has built a support ecosystem that includes mentors, corporates and investors, thereby providing full 360-degree support to its family of startups. Our support to startups is provided across all lifecycle stages in a startup's journey. Zone Startups India has been the birthplace of many well-known Indian startups, including the likes of Citrus Pay, Baby Chakra and Dimension NXG.

Investment Process

Deal screening
Term Sheet
Due Diligence
Investment Agreement
Fund Disbursement

Review of application submitted by startups on SISF portal and initial shortlisting.

One-on-One meeting (virtual / physical) with the startup founder to evaluate the potential of business and the fund requirement plan. Based on this screening round, our team selects startups for the next stage.

Startups who clear the Deal screening stage are showcased to an independent committee called ISMC (Incubator Seed Management Committee). This committee evaluates and approves funding.

After ISMC approves the investment, a Term Sheet is signed with the selected startup.

A detailed due diligence exercise is conducted on the startup to find any red flags.

On satisfactory completion of due diligence, an Investment Agreement is signed with the startup.

After all necessary procedures are completed with respect to the investment, funds are remitted to the startup.

Apply for Seed Funding

Have a business idea that meets our criteria?
Go ahead and share it with us.

Frequently Asked Questions

Startups can apply to BRTSIF through the Startup India portal (
Startups can apply for seed funds to any three incubators selected as disbursing partners for this scheme in order of their preference. (Preference - 1,2,3)
Your seed funding application will be shared online with BRTSIF or the respective incubators for further evaluation.
The startups may be asked to submit details on team profile, problem statement, product/service overview, business model, customer profile, market size, quantum of funds needed, projected utilization plan for funds, etc.
First, BRTSIF shall shortlist startups based on their evaluation for a presentation before ISMC. The ISMC shall evaluate startups based on their submissions and presentations and select startups for Seed Fund within 45 days of receipt of application.
Each of the incubators applying for the Startup India Seed Fund Scheme will constitute a committee called the Incubator Seed Management Committee (ISMC), consisting of experts who can evaluate and select startups for seed support. BRTSIF has also constituted one such committee.
Selected startups shall receive seed funding under the respective incubator that selects them as beneficiaries as per their preference shared during application (for example, if incubators at Preference 1 and Preference 2 both select a startup, the funding shall be given by Preference 1 incubator. If Preference 1 incubator rejects and Preference 2 incubator selects, the funding shall be given by the incubator at Preference 2, and so on.)
All startups will be able to track the progress of their application on the Startup India portal on a real-time basis. BRTSIF will update its decision on the SISF portal within 45 days of receiving every seed funding application.
For more details