The Minister for Commerce and launched the Start-Up India Seed Fund scheme. The scheme goals to provide monetary guide to the startups for their prototype development, proof of concept, product trials, market entry.
The scheme will provide 945 crores in the next 4 years to the startups.
It is expected to assist greater than 3,600 startups through three hundred incubators.
The scheme will create robust startup ecosystem in all the Tier-2 and Tier-3 cities. The startups in these cities are regularly deprived of funding.
The fund will guide transformative thoughts and kindle startup revolution.
Seed Funds are these cash that are furnished or used for the duration of the very commencing of an Investment.