Business Standard

Odisha government moots special fund to support start-ups in the state

As many as 433 start-ups have registered with Startup Odisha, out of which 138 are women-led startups

start-ups, startup, ecommerce, policy
Premium

Representative Image

Nirmalya Behera Bhubaneswar
In order to create 1000 start-ups by 2021, the Odisha government has mooted a special fund to support them.

The state government is considering co-investment and fund of funds models among others for providing financial aid to the fledgling companies.

“A committee has been constituted for deciding the modalities of creating fund for the start-ups. The committee will be consulting experts before taking a final call”, said a source. 

While fund of funds (FFS) facilitates funding needs for start-ups through participation in capital of venture funds, in co-investment, a minority investment in a company is made by investors alongside a private equity fund

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2019 | 8:19 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com