How to Access the Venture Capital Fund
For DPIIT-recognized startups, applying for seed funding involves the following steps:
Step 1: Determine Your Business Valuation
Understand the value of your business in the current market.
Step 2: Determine How Much Capital You Need
Calculate the amount of funding required to achieve your business goals.
Step 3: Find the Right Venture Capitalists
Identify venture capitalists that align with your startup’s mission.
Step 4: Prepare an Executive Summary & Business Plan
Create a detailed business plan and an executive summary that highlights your business model, market analysis, and financial projections.
Step 5: Apply for the Scheme
The DPIIT-recognized startup can apply through the official Startup India Portal. Click on the ‘Apply Now’ button and proceed with ‘Apply Now’ for startups.
Step 6: Negotiate Your Terms
Once you have received interest from a venture capitalist, negotiate the terms of the investment.
Step 7: Prepare for Due Diligence
Be ready for a thorough examination of every aspect of your business.
New startup policy launched in J&K, focus to set up 2,000 startups by 2027
The newly launched “New Jammu & Kashmir Start-up Policy- 2024-27” signifies a major step forward for J&K. This policy outlines a comprehensive framework to empower aspiring entrepreneurs and propel the region towards becoming a thriving startup hub. Let’s delve deeper into this policy and explore the government’s multifaceted role in its success.
In Short:
- J&K’s new startup policy aims to establish 2,000 startups by 2027.
- The government will set up a Venture Capital Fund of Rs. 250 Crores.
- The policy provides entrepreneurship facilities to students and women.