Scheme Name: Scale up Funding

State: Punjab

Description of the Scheme:

Corpus fund of Rs.100 crores dedicated for category-I funding to meet funding requirement for scalability of Startups. Features of the fund:

1. Invested     over    a   period    of    5   years    as   Alternative Investment Fund (AIF).
2. Fund would not invest directly into Start-ups, but shall participate with capital commitment in SEBI registered Category-1 AIF Venture Funds

Target group :

Sector of the Scheme:

Eligibility Criteria:

Nature & Mode of Assistance: State Government in total would contribute 10% of funds size to be raised by VC and it shall be released only when the VC makes investment in Punjab based startup

"Financial Information (Subsidy, low interest rate, etc.)":

"Other Assistance (Procurement of machinery, Technology /Marketing, International Cooperation, etc.)":

How to apply:

http://investpunjab.gov.in

Whom to Contact:

PBIP,       Udyog      Bhawan      building,      Himalayan       Marg,

Chandigarh - 160017

#172-2776001

Email: infor@invest.gov.in