Karnataka introduces $1.5m women-focused fund

The government fund will focus on women entrepreneurs, providing proof of concept capital.

The government of Indian state Karnataka has launched a Rs100m ($1.5m) proof of concept fund aimed at women entrepreneurs, according to the Economic Times.

The fund will be administered by the Department of Information Technology, Biotechnology and Science and Technology. It will make individual investments of up to Rs100,000.

The fund forms part of the government’s Idea2POC initiative, which already counts three other proof of concept funds: a Rs100m fund aimed at technology, a Rs25m fund aimed at agriculture and a Rs25m fund focused on the tourism sector.

Additionally, the government will organise an open house for women entrepreneurs to meet and interact with government officials to present their ideas and issues.

See more from this Government Report: India


Supporting articles

Copyright Mawsonia Limited 2010. Please don't cut articles from www.globalgovernmentventuring.com or the PDF and redistribute by email or post to the web without written permission.

Most read

  1. Europe ‘guarantees’ research and innovation budget

    November 28, 2017

  2. Spire enters $70m series C orbit

    November 16, 2017

  3. Definvest targets startups with $59m

    November 21, 2017

  4. Nautilus sails to $26m series C

    November 22, 2017

  5. Codiak develops $76.5m series C

    November 30, 2017