Venture Intelligence (TSJ Media Pvt. Ltd.)
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Delhi state govt to set up Rs.200-Cr VC fund
The Delhi state government plans to set up an INR 200 crore venture capital fund.Under its startup policy, the government also intends to provide a monthly allowance of INR 2 lakh to startups for a period of one year for operational costs.The policy proposes to set up new incubation centres or co-working spaces to provide capital support and operational subsidy "over and above" the existing subsidies provided by the central government for five years.Delhi government will also explore establishing partnerships with academia, incubators, government labs, and financial institutions to provide mentorship to the startups.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.