Noida | 21 Aug, 2016 (3 years, 5 months ago)

Startup Funding and Finances

How a start-up can apply for government funding ?

Procedure for government funding and is it euity based funding or loan based funding?
Answers
22 Aug, 2016 | 13:05

In order to acquire funds in Startup India, a Startup is first required to register with Startup India, and after that it is required to get a Letter of Recommendation from any of the listed Incubators that are established or recognised or funded by Government of India in any post-graduation college in India/Equity Fund/ Accelerator/Angel Network. A list of all the recognised Incubators is provided on the website of Startup India.

Once a Startup is recognised and has acquired a Letter of Recommendation from an Incubator it is eligible to get funds under the Startup India Scheme.

To receive the funds the Startup will have to pitch the idea in front of recognised Angel Investors. A list of such recognised Angel Investors by the Government of India is available on the website of Startup India


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