Angel and Venture Funding

Select State

Angel Funding

Government of Odisha had announced that it shall encourage Angel Investor Network
and various seed capital funding agencies to forge partnerships
with industry/ Startup associations Recently, the State Government held a meeting with High Net-worth Individuals (HNIs)
to educate them about the concept of angel investment and its benefits.

Details available at: http://www.msmeodisha.gov.in/PDF/Odisha%20Startup%20Policy-2016.pdf

Government of Bihar has announced a success fee (2% of investment) that shall be provided
to Startups for mobilizing investments from state registered angel investors
towards early stage funding.

Details available at: http://udyog.bihar.gov.in/NewPolicy/Bihar-Startup-Policy-2017.pdf

Venture Fund(s) or Fund of Funds for Startup

BIRAC AcE (Accelerating Entrepreneurship) Fund operates as
Fund of Funds to foster R&D and Innovation in biotechnology domains.
Under the fund, INR 1 crore is allocated for each bio-incubator.

Details available at: https://startupindia.gov.in/status.php

Government of Gujarat has created ‘Gujarat Venture Fund Limited (GVFL) Startup Fund’
of Rs. 250 crore towards promoting Startup ecosystem.

Details available at: http://www.gvfl.com/

Government of Karnataka is in the process of setting up a Fund of Funds
to invest Rs. 200 crore in Daughter Funds across multiple sectors which promote innovation,
R&D, product development and focus on core development of domestic technology.
http://startup. karnataka.gov.in/funding/
The State Government has also launched dedicated venture funds for various sectors:

  • Semiconductor Venture Fund (Size-Rs.100 crore)
  • Biotech Venture Fund (Size-Rs.50 crore)
  • Animation Visual Effects Gaming and Comics Venture Fund (Size-Rs.20 crore)

Government of Haryana has announced that it shall set up a Fund of Funds
with an initial corpus of Rs. 100 Crore to be invested over a period of
5 years for Startups.

Details available at: http://haryanait.gov.in/pdf/Startup-Policy_Final_28th-Sep.pdf

Government of Uttar Pradesh has established a Fund of Funds for Startups
with a corpus size of Rs.100 crore (now increased to Rs.1000 crore)
and a formal Memorandum of Understanding (MoU) would be signed with the
Small Industries Development Bank of India (SIDBI).

Details available at: http://itpolicyup.gov.in/fund-of-funds/

Government of Bihar is establishing a Venture Capital Fund of Rs. 500 crores for Startups.

Government of Kerala has announced a Fund of Funds with a corpus of Rs. 500 crore.

Details available at: https://startupmission.kerala.gov.in/startup-schemes

Startups Funded

The Fund of Funds for Startups with a corpus of Rs. 10000 Crore
under the Startup India initiative launched in 2016 has funded 120 Startups.

Details available at: https://www.startupindia.gov.in/

No Data available for selected state