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Madhya Pradesh Government Launches 100 Crores VC Fund For Innovative Startups

Deepanker Verma October 6, 2014 startup

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From the initial days of the Government formation, BJP Government has been focusing on innovation and small businesses. It has announced Rs. 10,000 crore for startup funding. budget and later announced “Make in India” campaign. In a similar move, Chief Minister of Madhya Pradesh ShivrajSingh Chouhan has announced that MP Government is launching Venture Capital fund of 100 crores to promote and incubate startups with innovative ideas in IT and MSME sector.

To promote and incubate start ups with innovative ideas in IT and MSME sectors we are launching a Venture Capital Fund of 100 crore.
— ShivrajSingh Chouhan (@ChouhanShivraj) October 6, 2014

This is really a great step by the government to help the local talent to grow and spread the wings in the competitive market.

After this tweet, people started asking so many questions like how Government will decide an innovative startup? How the tracking of funding will be done? Who is the beneficiary?

We hope to get a detailed announcement soon with more details on it.

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About the Author: Deepanker Verma

Deepanker Verma is the Founder and Editor-in-Chief of TechloMedia. He holds Engineering degree in Computer Science and has over 15 years of experience in the technology sector. Deepanker bridges the gap between complex engineering and consumer electronics. He is also a a known Security Researcher acknowledged by global giants including Apple, Microsoft, and eBay. He uses his technical background to rigorously test gadgets, focusing on performance, security, and long-term value.