By Francis Khongwar
Shillong ( Meghalaya), Feb 15 : North East Venture Fund (NEVF), a dedicated venture fund for the North Eastern Region promoted by NEDFi, Ministry of DoNER and SIDBI announced the launch of Start-Up Investment Fest 2022.
The objective of this fest is to reach out to start-ups and first generation entrepreneurs of the region who are working on building business models which are based on new products and services backed by technology and Innovation with superior value proposition and potential for high growth. The event is open for start-ups from all sectors working on innovative solutions and ideas that aim to disrupt the way consumers, industries and businesses operate.
Registrations for the event will open from today i.e. on 15/02/2022 and close on 15/03/2022 post which, shortlisted startups will get an opportunity to pitch physically or virtually in front of the Investment Committee comprising of veteran investment managers, industry experts to secure investments for their startups.
The event in particular will be trying to reach out to the start-ups from all the NE states with more publicity in Arunachal Pradesh, Nagaland, Meghalaya, Mizoram, Tripura trough targeted media campaigns to increase the participation from these states.
The idea of this event is to work towards a more inclusive approach by providing opportunities to get investments for scaling up of their business ventures. As such we would request start-ups from NER to participate in this event. Through this event NEVF is targeting to invest a minimum amount of Rs.25.00 lakh each in selected start-up based out of the region who are helping to solve complex business problems through the use of technology and are targeting to bring both product and process based innovation, efficiency and transparency to scale their businesses.
The intent of this event is also to act as a booster to the start-up ecosystem of the region, providing the start-ups a platform to showcase their business ideas and provide them access to high risk capital for them to scale their businesses