G-Venture Funds
G-Ventures Prototype Fund
This fund is established to provide grants to qualifying teams of young and aspiring innovators, who are actively enrolled in the NU-IDEA Ready-Set-Go program. The grant will primarily be utilized by the innovators to convert their ideas into prototypes and will be matched to specific milestones.
The quantum of prototype grant per venture would be a maximum of ₹ 1,00,000. Prototype must ideally be capable of being completed within 1 month but no later than 3 months, from the date of receiving the first tranche of the sanctioned grant.
Guideline document:
G-Ventures Gap Fund
This fund is established to provide seed capital to qualifying teams of young and aspiring innovators, who are actively enrolled in the NU-IDEA Ready-Set-Go program. The fund will be utilized by the ventures for commercialization and early customer acquisition and will be matched to specific milestones
The quantum of fund per venture would be a maximum of ₹ 5,00,000. The University through a Special Purpose Vehicle is authorized to take an equity stake in the venture between 0% to 9.5%.