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Cabinet Approved Fund of Funds for Startups

The Fund of Funds for Startups (FFS) was approved by the Cabinet and established by Department for Promotion of Industry and Internal Trade(DPIIT) in June 2016 with a corpus of Rs 10,000 crore to provide a much-needed boost to the Indian startup ecosystem and enable access to domestic capital. The objectives of Fund of Funds include accelerating innovation-driven entrepreneurship and business creation, mobilizing larger equity-like resources for startups.

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