Government Initiates Crucial Meeting to Boost Startup Funding Nationwide

NEW DELHI: In a significant move to enhance the startup ecosystem, the Department for Promotion of Industry and Internal Trade (DPIIT) is organizing a pivotal meeting with Alternate Investment Funds (AIFs). This gathering aims to explore innovative strategies for promoting startup funding across the country, including in smaller cities.

An official revealed that approximately 75 AIFs are expected to participate in these crucial discussions. The agenda includes key topics such as capital mobilization and fostering a conducive environment for startups to thrive, particularly in less urbanized areas.

Under the Centre's Fund of Funds Scheme (FFS), support is provided to Sebi-registered AIFs, which then invest in promising startups. This initiative underscores the government's commitment to nurturing innovation and entrepreneurship across the nation.