Railways To Invest In Startups; Up To Rs 1.5 Crore Seed Money For Innovations

“Since there is a major constraint of capital inadequacy in the startup ecosystem, particularly in the seed and ‘Proof of Concept’ developmental stage, this policy aims at providing the necessary seed fund support of up to Rs 1.5 crore (on matching contribution basis) to the startups that show the capability, intent and promise to produce functional prototypes, based on new innovative concepts, for potential use of the Indian Railways,” a senior official said.

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