Department for Promotion of Industry and Internal Trade (DPIIT) · Part A
Fund of Funds for Startups
FFS
A ₹10,000 crore fund that backs SEBI-registered venture funds (AIFs), which in turn invest equity in DPIIT-recognised startups.
Overview & Objective
A ₹10,000 crore fund that backs SEBI-registered venture funds (AIFs), which in turn invest equity in DPIIT-recognised startups.
Key Benefits & Funding
- The Scheme has a corpus of ₹10,000 crore, which is aimed to be provided to startup through AIFs. The AIFs supported under the Scheme are to invest at least twice the contribution out of FFS in startups across stages
Eligibility Criteria
- SEBI-registered AIFs can apply for capital under the Scheme.
- The funding is provided to DPIIT recognised startups by selected AIFs.
How to Apply
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.