• Government of Tripura's Vision

Government of Tripura is working with the vision to transform Tripura as the Startup Hub of North East by creating a Startup ecosystem. The Govt. of Tripura has already notified “IT Start-up Scheme 2019” to provide incentives to the IT/ITeS Startups. So far, 17 Startups have been registered under the Scheme. To bring Technical Colleges, Universities, and Polytechnic Colleges within the Startup Ecosystem, the State Government has introduced the New Generation Innovation Network Scheme to provide financial support for creating incubation facilities and project expenditure. Incubation centres have been established in 7 institutions (ICFAI, NIT-Agartala, Techno India, TU, TIPS, Agriculture College, and TIT).

• Tripura Startup Venture Capital Fund

In the present IT/ITeS Start-up scheme, there is no provision to provide financial support for marketing, commercial production/operation, etc. Getting the initial funding to start their commercial production or operation is a great challenge for the Startups. Considering this, the State Government has approved and sanctioned Rs. 15 crore in the State Budget during FY 2022-23 for the creation of Tripura Startup Venture Capital Fund to provide risk capital to the potential Startups of Tripura. This venture capital will have Rs. 50 crore as a corpus fund. SIDBI Venture Capital Limited has been engaged as the Fund Manager for the venture capital. This venture capital will be sector agnostic, with ticket sizes ranging from Rs 25 Lakhs to Rs 2 Crore. Potential Tripura Startups will benefit from this venture capital.

Contact Fund Team:

Tripura Start-up Venture Capital Fund,
SIDBI Venture Capital Limited,
SIDBI, Swavalamban Bhavan,

C-11, G-Block, 2nd Floor,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051
Tel Nos.: (B) - 91 - 22 – 6753 1202

Email: tripuravcf@sidbiventure.co.in

For further information about the VC Fund, please visit:

https://www.sidbiventure.co.in/tripura_start_up_venture_capital_fund.html