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Startup Mahakumbh To Amplify Collaboration Between State & Startup Ecosystems: SIDBI’s Manoj Mittal
- India's startup ecosystem is focusing on capital accessibility, founder support, and policy-backed initiatives for growth, with SIDBI managing the INR 10K Cr Fund of Funds for Startups.
- SIDBI is organizing Startup Mahakumbh to facilitate collaboration between startups, investors, and government stakeholders, with a focus on sector-specific growth and innovation in Tier II and III cities.
- The Fund of Funds initiative has mobilized INR 92K Cr investments, supporting over 1,200 startups and facilitating job creation and economic growth.
- SIDBI plans to expand the FFS ambit to support early-stage startups in Tier II and III cities, sectoral funds, diversity in entrepreneurship, and MSME linkages.
- Collaborating with state governments, launching awareness programs, and tie-ups with academic institutions are key strategies to foster innovation in Tier II and III cities.
- SIDBI has set up various funds and initiatives to invest in startups, along with mentorship programs and support for first-time entrepreneurs.
- Events like Startup Mahakumbh play a crucial role in catalyzing the startup ecosystem by providing networking opportunities and exposure to investors and mentors.
- Features of Startup Mahakumbh like Investor Connect, Networking Sessions, Mentorship Workshops, and Technology Showcases are aimed at empowering early-stage startups and MSMEs.
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