News for the week of 13th to 19th February, 2017

The Big Story For Entrepreneurs This Week

IEFGovernment plans India’s first startup district with incubators India will soon have its first startup district with incubation centres and about 20 tinkering labs for schools aimed at encouraging the creation of innovative solutions in agriculture, health and education. Commerce & industry minister Nirmala Sitharaman is keen for the entire cluster to be developed in Mangalore. Click here to read more >

National News

DIPP to appoint trust to help finance startups The Department of Industrial Policy and Promotion (DIPP) is in the process of setting up a trust to run a Rs 2000 credit guarantee fund that will provide risk cover to lending institutions that give collateral-free credit to startups. Click here to read more >

Five startups get seed funding from IIIT Hyderabad Five early stage startups were selected for Rs 10 lakh each of seed fund and a 6-month accelerator program (Avishkar) by the Indian Institute of Information Technology, Hyderabad’s incubator. Click here to read more >

States In The News

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