SIDBI Fund of Funds for Startups: Who Qualifies and What You Get
Learn how this fund provides indirect venture capital to recognized startups through specialized investment funds.
This scheme provides funding to growing businesses by investing in specialized investment funds that, in turn, provide capital to startups.
Who it's for
This program is designed for startups that have been officially recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) and are seeking venture capital to fuel their growth.
What you get
Instead of receiving money directly from the government, you receive indirect funding. The money flows through SEBI-registered Alternative Investment Funds (AIFs) that have been supported by the government. These funds then invest the capital into startups like yours.
What it costs you
There is no direct cost to access this scheme. However, to benefit from the funding, your business must be included in the investment portfolio of one of the supported investment funds.
The catch to know
The most important thing to understand is that you cannot apply to SIDBI directly for this money. You must pitch your business and secure investment from the venture capital firms that the scheme supports.
How to apply
- Ensure your startup has official DPIIT recognition.
- Identify and research venture capital firms or Alternative Investment Funds (AIFs).
- Prepare a pitch to present your business to these private investment firms.
- Secure funding through the investment firm's standard process.
Check the official portal for more details: https://www.sidbi.in