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Commerce Min may seek more funds for startups
Business Standard
|June 10, 2024
The Ministry for Commerce and Industry may seek more funds for startups in the forthcoming Budget, to be announced by the new government, to promote innovation in the country, an official has said.
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The new government may announce the Budget for 2024-25 in July.
The seed fund scheme, announced in April 2021 with a corpus of ₹945 crore, will end in 2025, and the ministry may consider proposing a new scheme on similar lines.
The seed fund scheme was aimed at providing financial assistance to startups for proof of concept, prototype development, product trials, market-entry, and commercialisation.
Dit verhaal komt uit de June 10, 2024-editie van Business Standard.
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