Rajasthan Chief Minister Vasundhara Raje today announced a special fund for startups led by women so as to encourage them as entrepreneurs.
Additionally, the state government also launched iStart Nest, a one of a kind startup incubator providing end-to-end acceleration and connection with venture capitalists across the world for free, at least to Startup.
The newly launched fund is in addition to a Rs 500 crore already set-up for startups. This initiative, iStart platform, was launched three months ago in the last Digifest held in Kota.
It went live nearly a month ago and 300 startups have been registered on it.
We will fund for women startups,” the chief minister said at Rajasthan Digifest 2017 here.
She further said, “I am happy to share today that, 50 prominent Venture Capital Organisations, Angel Investors and High Net-worth individuals have already committed to invest in Startups endorsed by the iStart platform.”
This all of sudden care & focus for women entrepreneurs in the country has shot up since the US President’s daughter Ivanka had attended the Global Entrepreneurship Summit 2017 at Hyderabad.
Notably, Govt of India’s policy think tank too had earlier announced the launch of dedicated cell for women entrepreneurs in India.