North-East Venture Fund (NEVF)

ministry of development of north eastern region

Details

Amount

₹25,00,000 - ₹10,00,00,000

Provider

ministry of development of north eastern region

About this Opportunity

The North East Venture Fund (NEVF) is a Category I Venture Capital Fund registered under SEBI AIF Regulations, 2012. It was established with a corpus of Rs. 100 crore to promote entrepreneurship and maximize investment returns in the North Eastern Region. NEVF invests in startups with innovative business models and high growth potential.

Eligibility

  • Entrepreneurial person with innovative vision and implementation power.
  • Strong management team and commitment.
  • Viable business model with sustainable growth.
  • Large scaling opportunities.
  • Market-fit product with good traction.
  • Realistic exit potential.
  • Startups located in the North Eastern Region of India (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura).

Application Process

Interested entrepreneurs should submit a proposal with necessary details including company information, team details, funding requirements, utilization plan, financial focus, and revenue model. Proposals can be submitted by emailing nevf@nedfi.com or through online portal. Further details might be available on the NEDFi Venture Capital Limited website.

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