Fund of Funds for Start-ups (FFS) was unveiled by the Honble Prime Minister on the January 16, 2016 in line with the Start-up India Action Plan. It has approved corpus of Rs 10,000 crore for contribution to various Alternative Investment Funds (AIFs) registered with SEBI. Introduced with a focused objective of supporting development and growth of innovation driven enterprises, FFS facilitates funding needs for Start-ups through participation in capital of SEBI registered Alternative Investment Funds. AIFs supported under FFS shall invest at least twice the contribution out of FFS, in Startups as defined by Government of India under Startup India, Standup India scheme vide Gazette Notification G.S.R.127 (E) dated February 19, 2019 and as amended from time to time.
Status of FFS as on October 13, 2023. is as below
The indicative process is as below for considering applications under FFS.
Venture Capital Investment Committee comprises of VC domain experts drawn across various industry verticals and the current composition of VCIC can be found here
Below are the key eligibility criteria for applying for contribution under FFS
Please note that merely qualifying the criteria does not guarantee sanction of contribution to the VC / PE fund, which will be considered on the merits of the case post submission of the application. Fund applications are accepted online here