Funds

OSGF

UPSF

Overview

<h2>Explore SIDBI&nbsp;Programs for Indian Startups</h2> <p>SIDBI is actively seeking applications for contributions to Alternative Investment Funds (AIFs) under Fund of Funds for Startups (FFS), ASPIRE Fund, UP Startup Fund, Odisha Startup Fund and Bihar Startup Fund. More details on fund of funds are available in their individual sections. The other Fund of Funds managed by SIDBI viz. India Aspiration Fund (IAF), All India Funds, Regional Funds and MSME-RCF are under divestment/exit stage and not accepting any new applications for consideration.</p>

FFS

<p><strong>The indicative process is as below for considering applications under FFS.</strong></p> <p><img alt="process" src="/img/../assets/img/process.webp" /></p> <p>Venture Capital Investment Committee comprises of VC domain experts drawn across various industry verticals and the current composition of VCIC can be found <a href="/img/../files/article/articlefiles/Current VCIC members_09052022.pdf" target="_blank"> here </a></p> <p>Below are the key eligibility criteria for applying for contribution under FFS</p> <ul> <li>Funds are registered as either Category I or II Alternative Investment Funds (AIF) with Securities and Exchange Board of India (SEBI) or have applied for the same with SEBI.</li> <li>Funds with corpus of less than Rs 1,000 crores.</li> <li>Fund`s investment strategy to include investment in startups (Startup as defined as per the Gazette Notification G.S.R.127(E) dt. 19/02/2019 issued by Government of India and as amended from time to time).</li> <li>Fund to agree to invest at least twice the amount of contribution sought from FFS into Startups. (For instance, if contribution sought is Rs 100 crore under FFS, Fund should invest at least Rs 200 crore in Startups).</li> <li>Fund Manager / team should have prior track record in Fund management or prior investment experience. All the Key members of the Fund should have CIBIL score more than 650 (Key member is defined as Director, Sponsor and Senior Personnel of the Fund).</li> <li>All the Key members should be legally eligible to be a Director or in a Managerial position under Indian law (i.e., not barred to be a Director or in a Managerial position under Indian Law).</li> </ul> <p>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 <a href="https://vcfapplication.sidbi.in/" target="_blank">here</a></p> <p>In recognition of the efforts made by SIDBI in the venture capital ecosystem, Ministry of Commerce Industry, Government of India entrusted the management of Fund of Funds for Startups (FFS) with a corpus of Rs 10,000 crore to support various Alternative Investment Funds (AIFs), which in turn would invest twice of SIDBI's contribution in start-up businesses</p>

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IAF

<p>India Aspiration Fund set up by SIDBI with the support of RBI pursuant to a budget announcement is a Rs 2000 crore fund introduced by SIDBI with a vision to promote and accelerate equity and equity linked investments in Start-ups and MSMEs. IAF contributes to the corpus of SEBI registered Alternative Investment Funds (AIFs), with sector agnostic investments specifically</p>