In this newsletter, we are delighted to bring you updates, achievements, and other news on our portfolio companies. With 20 technology intensive companies in our portfolio, we are geared up to support budding entrepreneurs under various funding schemes in the current financial year.
During the first three quarters of FY2017-18, we have been able to support 10 innovators under NIDHI-EIR scheme, 10 budding entrepreneurs under NIDHI-PRAYAS Scheme, 11 BIG grantees and 2 start ups under BIRAC SEED Fund. Total funding extended/committed to these innovators/start ups has been more than Rs. 7 crores and we are currently accepting applications for POC and seed funding. We have successfully closed seven BIG projects of which 3 have raised the next round of funding.
We are thankful to DST, BIRAC and Indus Biotech (CSR) for their funding support and to technical experts for their valuable inputs while reviewing these new and innovative ideas. We hope you enjoy reading this issue of our portfolio newsletter.
(iii) Milestones and Investment Updates
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