SEED FUNDING SCHEME

The Seed Funding program gives start-up organizations and businesses the necessary funding to start up their businesses and to expand the operations of these businesses. It mainly aims at innovation, entrepreneurship and the economy. In this way, a business can overcome the hurdle of the cost associated with the establishment.
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Service Overview

This scheme gives budding entrepreneurs a chance to get crucial funding early on. It helps them focus on creating new solutions and getting into the market without big financial worries. At JR Compliance we value the efforts and plans of seed funding for entrepreneurs in order to aim towards proposed growth potential to access seed funding opportunities.

‍Challenges of Filing for a Private Limited Company

Complex Procedures
The formation of the private limited company is quite complex as it requires many legal formalities.
Time-Consuming
Sometimes, its exhausting to gather all the necessary papers and fill out all necessary documents.
Share Limit
In a Private Limited Company there is a limit of 200 shareholders, with a restricted limit on share transfers.
Business Commencement
Within 180 days of registering a Private Limited Company, the certificate of commencement of business must be obtained.

‍Challenges of Filing for SEED Funding

Securing Initial Financial Support
Finding seed funding can be tough because of lots of competition and strict rules. Many startups find it hard to make proposals that impress investors or meet funding program criteria.
Navigating Legal and Regulatory Compliance
It's hard for startups to understand and follow seed funding laws. From making contracts to following tax rules, they often face problems that can slow down funding or cause penalties.
Building Investor Confidence
It's tough to convince investors that a startup will succeed. Entrepreneurs need to show a clear plan, a solid business strategy, and growth potential to get funding.
Efficient Fund Utilization
Using funds wisely is key. Poor management can lead to inefficiencies and slow growth, hurting business progress and investor trust.

Advantages of SEED Funding

Kickstarting Entrepreneurial Journeys
The scheme gives startups the financial boost they need to turn ideas into real products or services. This lets them start operations smoothly.
Reduced Financial Burden
The innovators can carry out their entrepreneurial activities without worrying about getting money. More productivity in a less stressful environment is essential.
Expert Assistance
Numerous funding programs provide mentoring and guidance to new businesses, empowering them with the relevant knowledge and skills to maneuver through difficult market situations.
New Opportunities for Growth
An improved inflow of funds allows most start-up companies to acquire technology, marketing, and personnel fast and possibly grow towards success.

Service Process

01
Eligibility Assessment
The process starts with checking if the startup meets certain criteria, like business stage, sector, and growth potential.
02
Document Validation & Formatting
We assist in formatting your business documents and ensuring all required data; financials, pitch, and projections are clear, concise, and compliant with scheme requirements.
03
Submission of Application
The entrepreneur have to submit their business plan, financial projections, and market analysis to obtain funds.
04
Proposal Evaluation
A panel of experts checks all those proposals for the feasibility, innovativeness, and suitability of the proposal to the purposes of the scheme.
05
Funding Approval
After approval, the funds are given to the startup. This lets them start or grow their operations as planned.
06
Monitoring and Reporting
Regular checks and reports are needed to make sure funds are used well and the business is doing as expected.
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Service Process

Consultation
We will have a consultation regarding your business vision and requirements to decide on whether the private limited company fits you well.
Documentation
We will help you to do the paperwork involving preparation of the Memorandum of Association and Articles of Association.
Registration
We will then forward all the necessary documents to the Registrar of Companies as required for registration.
Support
We will always be here with you to offer assistance and advice so that you can efficiently run your private limited company.
Compliance:
We will assist you in maintaining a continuing compliance with all legal and regulatory standards.
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Service Process

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We provide complete support preparing for and getting from the application process.

Legally and regulatory-wise, we are equipped to deal with your needs.

We provide individual advice according to your business requirements.

We have a successful history in aiding with funding.

Why Choose JR Compliance?

Service Breakdown

Eligibility

Eligibility

Legally registered entities: Startups that follow business registration rules.
Defined business plan: Companies with clear plans for their operations.
Market viability: Businesses with scalable and sustainable models.
Sector-specific eligibility: Some programs focus on specific sectors like tech, healthcare, or agriculture.

Documents

Documents

Business Registration Certificate: Proof of company incorporation or startup recognition.
Pitch Deck or Business Plan: Detailed document outlining business model, target market, and revenue projections.
Financial Statements and Funding Requirement: Includes past earnings, expenses, and fund utilization plans.
Founder’s KYC and Background Details: PAN, Aadhaar, and previous entrepreneurial experience, if any.
Proof of Intellectual Property (if applicable): Patent, trademark, or other proprietary assets supporting the innovation.

Who Needs

Who Needs

Startups in early stages: Businesses needing initial capital to make ideas work.
Innovative small businesses: Companies with new solutions aiming to shake up the market.
Entrepreneurs lacking resources: People with great ideas but not enough money to start.
Scalable business models: Companies with plans to grow and need financial help.

Creating

Trust-Driven Relationships

JR Compliance is one of the known name for BIS certification, they are well versed with processes and guide client properly.
Kartik Shah
Published on 4 March 2024
We have outsourced the entire BIS certification responsibility of our panels to JR compliance since 2017 and their service so far has been exemplary.
P N Dhawanjewar
Published on 4 March 2024
We have been using JR Compliance services since last 3 years on various BIS related registration & testing of our various IT & electronic products. We really appreciate your full-fledged & excellent support in all respect in this matter.
K Narayanan
Published on 4 March 2024
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FAQ

What exactly is the Seed Funding Scheme?
This scheme has been formulated for new start-ups and small businesses with the aim of providing them with seed funds to kick-start their enterprise and do business without worrying about finances.
Who is empowered to gain entry for seed funding?
Since seed funding also demands registered and a good business plan with a show of how the business will grow, the rules differ by each program.
How can JR Compliances help in seed funding?
From process to process, JR Compliance will check your eligibility, write your proposal, ensure you follow the guidelines, and help you to go through the funding process.
Which sectors are prioritized in funding?
Funding is always primarily for technology, healthcare, and agriculture. Other new startups in different fields can also attract funding from the program.
How long is it going to take to finish the funding process?
The period varies depending on the program and how complex your application is. Generally, it takes a few weeks to a couple of months after your application.

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