Startup Tripura

Government of Tripura is working with the vision to transform Tripura as the Startup Hub of North East by creating Startup ecosystem. 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 the Technical Colleges, Universities and Polytechnic Colleges etc. within the Startup Eco-System, State Government has also introduced New Generation Innovation Network Scheme to provide financial support to create incubation facility and project expenditure. Incubation centres have been established in 7 (seven) institutions (ICFAI, NIT-Agartala, Techno India, TU, TIPS, Agriculture College and TIT). 

    In our 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, State Government has approved and sanctioned Rs. 15 crore in State Budget during FY 2022-23 for 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 corpus fund. SIDBI Venture Capital Limited has been engaged as the Fund Manager for venture capital. This venture capital will be sector agnostic and ticket size would be Rs 25 Lakhs to Rs 2 Crore. Potential Tripura Startups will be benefitted through 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 of VC Fund, please visit 

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