37 startups funded under North East Venture Fund: MoDNER; check investment details

The Ministry of Development of North Eastern Region (MoDNER) has funded 37 startups under the North East Venture Fund (NEVF). The fund has a corpus of ₹100 crore and is aimed at promoting startups in the North Eastern states of India.

The 37 startups that have received funding under the NEVF are from a variety of sectors, including agritech, healthcare, education, and clean energy. The startups have received funding ranging from ₹2 crore to ₹10 crore.

Some of the notable startups that have received funding under the NEVF include:

  • Avaana Solutions, a startup that provides SaaS-based solutions for the agriculture sector.
  • Docturnal, a startup that provides telehealth services in the North East.
  • EduPristine, a startup that provides online education courses for students in the North East.
  • Greener Energy Solutions, a startup that develops solar power plants in the North East.
  • Innolife Science, a startup that develops medical devices for the North East.

The funding under the NEVF is expected to help the startups to scale up their operations and to create jobs in the North East. The fund is also expected to promote innovation and entrepreneurship in the region.

The NEVF is one of the many initiatives that the government is taking to promote startups in the North East. The government is also providing other support measures to startups, such as tax breaks and access to government procurement contracts.

The government’s efforts to promote startups in the North East are expected to help the region to become a hub for innovation and entrepreneurship. The region has a young population with a high level of education. The government’s initiatives are expected to help the region to tap into this potential and to create a vibrant startup ecosystem.