North East Venture Fund (NEVF), a dedicated venture fund for the North East promoted by NEDFi, will be launching its Start-Up Investment Fund 2022.
The objective of this fest is to reach out to startups and first generation entrepreneurs who are working on building business models based on new products and services backed by technology and innovation with superior value proposition and potential for high growth.
The event is open for startups from all sectors working on innovative solutions and ideas that aim to disrupt the way consumers, industries and businesses operate.
Registrations for the event opened today and will close on March 15, 2022 following which shortlisted startups will get an opportunity to pitch physically or virtually in front of the investment committee comprising veteran investment managers and industry experts to secure investment.
The event will be trying to reach out to the startups from all the North East states, with more publicity in Arunachal Pradesh, Nagaland, Meghalaya, Mizoram and Tripura through targeted media campaigns to increase the participation from these states. The idea of this event is to work towards a more inclusive approach by providing opportunities to get investments for scaling up of their business ventures.
Through this event, NEVF is targeting to invest a minimum amount of Rs 25 lakh each in selected startups based in the region who are helping to solve complex business problems through the use of technology and are targeting to bring both product and process based innovation, efficiency and transparency to scale their businesses.
The intent of this event is also to act as a booster to the start-up ecosystem of the region, providing the startups a platform to showcase their business ideas and provide them access to high risk capital for them to scale their businesses.
The startups selected will not only get access to investments to scale up their ventures but will also get access to a host of other facilities, like handholding support, advisor network, investor network, marketing support, etc.
The overall objective of this entire exercise is to find innovative, scalable, technology based start-ups and provide them with the capital and network to develop themselves into business models with a global approach.
