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UP to set up Rs 150 cr start-up corpus fund with support from BHU, others

Under its new start-up policy the state govt aims to set up 100 incubators, with at least one in each district, including India's largest incubator in Lucknow

start up

The state government has already set up a corpus fund of Rs 150 crore with the help of Abdul Kalam Technical University (AKTU) to fund start-ups.

Siddharth Kalhans Lucknow
In a move that comes as a shot in the arm for start-ups operating in areas other than information technology in Uttar Pradesh, the Adityanath government is forming a corpus fund of Rs 150 crore afer revising its policy to include non-IT  enterprises within its ambit.

A corpus fund is a capital fund, under which an amount kept aside for an enterprise to operate and maintain itself. These funds are built through voluntary contributions.

UP’s much talked about fund has garnered interest from leading Venture Funds and AIFs in the country. Sidbi, the designated fund manager for the UP Startup Fund has

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First Published: Aug 21 2020 | 5:03 PM IST

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