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

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