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Raje announces special fund for startups led by women

Press Trust of India  |  Udaipur 

Chief Minister Vasundhara Raje today announced a special fund for startups led by women so as to encourage them as entrepreneurs.

The platform is intended to foster innovation, create jobs and facilitate investment.

This is in addition to a Rs 500 crore already set-up for startups. This initiative, iStart platform, was launched three months ago in the last Digifest held in Kota.

It went live nearly a month ago and 300 startups have been registered on it.

"We will fund for women startups," the chief minister said at Digifest 2017 here.

The is constantly looking for appropriate launching pads for the youth, she added.

She also launched several e-governance initiatives for the state.

The state has been introducing technology in every space right from education, tourism and agriculture sector to solve citizen-centric issues.

During the fest, several departments also exhibited e-governance measures they have been undertaking.

"I am happy to share today that, 50 prominent Venture Capital Organisations, Angel Investors and High Net-worth individuals have already committed to invest in Startups endorsed by the iStart platform," Raje said.

She also inaugurated, iStart Nest, one of a kind incubator providing end-to-end acceleration and connection with venture capitalists across the world for free, at least to Startup.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, December 03 2017. 20:05 IST