NID gets Rs 10-cr VF from Centre

The Department of Industrial Policy and Promotion, Ministry of Commerce and Industries, Government of India, has granted Rs 10 crore venture ready fund to the National Design Business Incubator (NDBI) at National Institute of Design (NID).

NDBI is a non profit and section 25 company to promote design entrepreneurship and support incubatee startups initiated by NID. The venture fund will support design entrepreneurs across India by way of equity/soft loan.