Venture Center funds
By Pune Tech News

The Venture Center, a Pune-based Government of India Initiative that helps technology innovators and startups, has instituted a Rs. 1 crore seed fund that they plan on investing in early stage technology startups (or even innovators with just a science & technology idea).

Investment proposals are being accepted upto 30 November 2011.

There are more details at the Venture Center website

The Entrepreneurship Development Center (‘Venture Center’) recently received approval under the scheme “Seed Support System for Start-ups in Incubators” of the Technology Development Board, Department of Science & Technology to host a seed fund with a corpus of Rs 1 crore.

The purpose of the seed fund is to provide a technology driven startup with the much-needed early stage financial support for deserving ideas/technologies requiring up-scaling and related work.

Incubatees of Venture Center are encouraged to contact Venture Center for further information.

The minimum quantum of financial assistance to the incubated entrepreneur is Rs. 1 Lakhs and the maximum Rs. 25 Lakhs.

(In Techgoss syndication arrangement with Punetech )