PREVIOUS
✖
Co-creation Fund
September 22 , 2023
431 days
620
0
- The government of Tamil Nadu will set up a ₹100 crore ‘Co-creation Fund’.
- It is a unique model designed to participate in private sector venture capital (VC) funds.
- This fund is to be managed by investors and coordinated by The Tamil Nadu Startup and Innovation Mission (Startup TN).
- It is inspired by the Yozma (meaning ‘initiative’) model, established by the Israeli Government in the 1990s.
- It aims to kick-start innovative industries by investing in new venture capital funds.
- The State government will contribute 40% (with a ceiling of ₹10 crore) in regional, rural impact, women and climate action-focused funds.
- 20% government contribution for (with a ceiling of ₹5 crore) in other thematic funds promoted by the private sector.
Leave a Reply
Your Comment is awaiting moderation.