North East's First and only dedicated Venture Fund announced their launch of Start-up Investment Fest 2022
North East Venture Fund (NEVF) launched the Start-up Investment Fest 2022 on 15 February, 2022. The fest is being set up by the North Eastern Development Finance Corporation Limited (NEDFi)in association with Ministry of Development of North Eastern Region (M-DoNER) and SIDBI. The fest intents to alter the way consumers, industries and businesses operate and reach out the entrepreneurship development of the NER and achieve attractive risk-adjusted returns through long term capital appreciation by way of investments in privately negotiated equity/ equity related investments.The contributors to the fund are Ministry of DoNER and It is a close ended fund with a corpus capital commitment of Rs 100 crore.
The fund is up and running since April, 2017 and has been met with zest among startups from the North East region.
In its continued effort to promote startups from the region, NEVF is launching Startup Investment Fest 2022. The shortlisted startups will be given an opportunity to raise their business ideas for securing investment into their business with greater publicity in Arunachal Pradesh, Nagaland, Meghalaya, Mizoram, Tripura through targeted media campaigns to increase participation from these states.
Registrations for the event has been opened on Tuesday and will close on March 15. Shortlisted startups will have the prospect to pitch physically or virtually in front of the Investment Committee involving veteran investment managers, industry experts to secure investments for their startups.
