Second fund of funds’ first instalment, Startup India Desk in works: Piyush Goyal

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Commerce and industry minister Piyush Goyal Saturday encouraged young founders to set ambitious goals and rise beyond the limitations of the present and called upon the country’s youth to lead the way in emerging sectors like AI, semiconductors and deep-tech.

He also said that the second fund of funds for startups (FFS) with a corpus of Rs 10,000 crore has been approved and this year, Rs 2,000 crore will be disbursed to SIDBI as the first installment. A significant portion of the fund will be reserved for seed funding of small startups and to…



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Second fund of funds’ first instalment, Startup India Desk in works: Piyush Goyal


Commerce and industry minister Piyush Goyal Saturday encouraged young founders to set ambitious goals and rise beyond the limitations of the present and called upon the country’s youth to lead the way in emerging sectors like AI, semiconductors and deep-tech.

He also said that the second fund of funds for startups (FFS) with a corpus of Rs 10,000 crore has been approved and this year, Rs 2,000 crore will be disbursed to SIDBI as the first installment. A significant portion of the fund will be reserved for seed funding of small startups and to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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