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Startup India Fund of Funds 2.0 Notified
The Government expands Fund of Funds for Startups through FoF 2.0 to enhance venture capital access. The scheme continues support for startups across sectors and growth stages.
Fund of Funds for Startups (FoF 2.0):
| Dimension | Key Details |
|---|---|
| Scheme Evolution | Provides for FoF 2.0 building upon Fund of Funds for Startups launched in 2016 under Startup India Action Plan. |
| Total Corpus | Provides for corpus of ₹10000 crore. |
| Nodal Ministry | Is governed by Ministry of Commerce and Industry. |
| Funding Structure | Provides for contribution to corpus of SEBI-registered Alternative Investment Funds for equity and equity-linked investment in startups. |
| AIF Definition | Provides for privately pooled investment vehicles collecting funds from domestic and foreign investors for defined investment policy. |
| Eligibility | Comprises Alternative Investment Funds across 16th and 17th Finance Commission cycles. |
| Selection Process | Provides for screening by Venture Capital Investment Committee comprising startup ecosystem experts. |
| Governance | Provides for monitoring by Empowered Committee chaired by Secretary DPIIT. |
| Implementation | Provides for implementation by Small Industries Development Bank of India with additional domestic implementing agencies. |
| Segmented Approach | Comprises support for deep tech startups, micro venture capital funds, manufacturing-oriented startups, and sector-agnostic startups. |
| Venture Capital | Provides for early-stage equity funding with active guidance for high-growth startups. |