North-East Venture Fund (NEVF), a dedicated venture fund for the North Eastern Region promoted by NEDFi, Ministry of DoNER and SIDBI launched of Start-Up Investment Fest 2022 on Tuesday, a press statement said.
The objective of this fest is to reach out to start-ups and first-generation entrepreneurs of the region who are working on building business models which are based on new products and services backed by technology and Innovation with the superior value proposition and potential for high growth.
The event is open for start-ups 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 on Tuesday and will close on March 15.. After that shortlisted startups will get an opportunity to pitch physically or virtually in front of the Investment Committee comprising of veteran investment managers, industry experts to secure investments for their startups.
The event in particular will be trying to reach out to the start-ups from all the NE states with more publicity in Arunachal Pradesh, Nagaland, Meghalaya, Mizoram, Tripura through targeted media campaigns to increase the participation from these states.
Through this event, NEVF is targeting to invest a minimum amount of Rs.25.00 lakh each in a selected start-up based out of 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 start-ups that would be selected for investment through this event, would not only be getting access to investments for scaling up their venture but will also be getting 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.
