In a significant move to strengthen Haryana’s startup ecosystem, the Haryana Industries and Commerce Department has partnered with SIDBI Venture Capital Ltd. (SVCL) to launch the Atmanirbhar Startup Venture Fund with a capital commitment of ₹100 crore.
The contribution agreement (CA) was signed by Amit Kumar Agrawal, Commissioner and Secretary, Industries and Commerce Department, on behalf of the Haryana government, and Arup Kumar, Managing Director and CEO of SVCL.
This initiative aligns with Chief Minister Nayab Singh Saini’s vision to make Haryana a global hub for innovation and entrepreneurship. The fund aims to provide early-stage startups with financial support, market access, and business development opportunities, fostering sustainable growth across key sectors including AI, health-tech, agri-tech, clean energy, and advanced manufacturing.
As per the official statement, the fund will encourage private-sector participation and institutional investments, offering a robust platform for startups to scale and innovate. It also builds upon the state government’s budget announcement to establish a dedicated venture capital fund for empowering youth and promoting entrepreneurial ventures.
Industry experts view this collaboration as a pivotal milestone in Haryana’s startup journey, reinforcing the state’s commitment to nurturing homegrown enterprises and driving job creation through innovation.
The Atmanirbhar Startup Venture Fund is expected to accelerate Haryana’s ambition of becoming a leading innovation-driven economy, contributing significantly to India’s broader vision of self-reliant growth and technological advancement.
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