Under the Startup India program, the Government created the ‘Fund of Funds for Startups (FFS) with a corpus of INR 10,000 crore to provide funding support for Startups, over a period of XIV and XV Finance commission cycles. The Fund was set up with the approval of Union Cabinet in June 2016.How much money are startups raising in India?
Getting fund is especially challenging when a business is in the startup stage. Hence, it is important for emerging entrepreneurs to be aware of the various startup company funding options. According to a report, Indian startups raise a record $3.9 billion so far in 2019.Is there a startup fund in Uttar Pradesh?
Government of Uttar Pradesh has established a UP Startup Fund with a corpus size of INR 1,000 crore. The Fund shall be in the form of fund of funds. In this model, the Fund will not be invested directly into start-ups, rather, it shall participate in SEBI approved investors.What is the purpose of Startup India seed fund?
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.