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Fund of Funds for Startups (FFS)
Department for Promotion of Industry and Internal Trade (DPIIT)
The Fund of Funds for Startups (FFS) provides capital to venture funds so they can invest in startups, helping increase the availability of funding and support the growth of India’s startup ecosystem. The Government has established FFS to catalyze venture capital investments. It is operationalized by Small Industries Development Bank of India (SIDBI), which provides capital to SEBI-registered Alternative Investment Funds (AIFs) who in turn invest in startups through equity and equity-linked instruments.
📍 India
Who can apply
SEBI-registered AIFs can apply for capital under the Scheme. • The funding is provided to DPIIT recognised startups by selected AIFs.
How to prepare
The application process for AIFs has been digitalised and a detailed application can be submitted by the AIFs on SIDBI’s Fund Application Portal (https://vcfapplication.sidbi.in/login). The AIF applications undergo an eligibility screening and screening based on preliminary questionnaire. • Eligible startups can approach selected AIFs for investments.
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