The NRL Ideation Angel Fund (NRL IAF) is a Category I Venture Capital Fund (Angel Fund) with a corpus of Rs. 35 crores. It aims to boost the startup ecosystem, primarily in the North East region, by investing in startups with scalable business models, significant growth potential, proven market potential, and a talented management team. Funding is currently provided as grants for idea-stage startups and will include equity/convertible notes for later stages.