An initiative to support entrepreneurs by providing financial assistance (up to INR 100 lakh) to potential startups with promising ideas, innovations and technologies along with business mentoring, networking, and facility support.
About the Programme
The flagship seed funding scheme is specifically designed to support startups looking to raise seed funds in various sectors such as healthcare, biotechnology, clean technology, energy, water, agriculture, manufacturing, IoT, and more. The startups will have an opportunity to get seed funding support of up to INR 100 lakh through an investment against equity, debt, or a mix of both. This would enable startups with innovative ideas/technologies to graduate to a level where they will be able to raise investments from angel/venture capitalists or seek loans from commercial banks/financial institutions. Moreover, the VentureStudio team will provide support to these startups in networking with partners, vendors, customers/users, and investors. In summary, this scheme will provide holistic support to selected startups to take their venture to the next level.
Broad Areas to be covered under the financial assistance include:
Technology based product proposals in sectors such as agriculture, healthcare, manufacturing, engineering, IoT, biotechnology, medical devices, water, waste management, energy, climate tech, fintech etc.