NRL is collaborating with NEDFi venture capital limited to support startups from the North East Region by way of equality funding.
NRL has so far supported startups through a Corpus fund Rs. 10 crore identified for the purpose under its flagship startup initiative NRL iDEATION . with a view to create a self sustaining fund .NRL has adopted an equity investment strategy in startups under NRL iDEATION by way of constructing an angel fund under the securities and exchange board of India.( Alternative investments fund) Regulations ,2012 . the alternative investments fund is proposed to be created with a total Corpus Rs. 30 crore as required by SEBI guidelines for AIF .NRL has engaged NVCL as fund Manager the startup equity portfolio of NRL .
About NRL iDEATION
NRL iDEATION was launched in July 2017 and ever since the program has forged ahead with the single point objective of building strengthening , consolidating & Developing the startup ecosystem in North East India while carving out its future roadmap to start investing equity in startups .NRL iDEATION is focused on providing the right financial impetus to the growing ranging from proof of concept to scale up and spanning from agri & allied to saas sector with a total funding Rs.8.5 crore. NRL iDEATION website www.nrlideation.com facilities sharing of ideas by prospective start ups on a continuous basis.
