SmashUp is TiE Mumbai’s startup event that endures a total startup & entrepreneurial democracy. The 6th edition of the event is all about the startups and is conceived for and by the startup entrepreneurs. The format helps to learn, collaborate and seek help from the maturing and growing startups attracting entrepreneurs & startups from technology, healthcare, food, media & entertainment and financial services space.
Indian Angel Network (IAN), one of the largest angel investor networks in the country, is raising an early-stage fund of around INR 150 crore to co-invest along with its angel network. Founded in 2006 IAN has more than 400 members.
The Department of Science and Technology has launched a INR 100-crore programme to support startups. The programme, called National Initiative for Developing and Harnessing Innovations (NIDHI), is aimed at helping startups across the country in terms of both funding and incubation support. The department provides the seed amount per startup in the form of a grant to the incubator. The incubator in turn invests the same in the form of debt or equity in the companies.