Question

What is a key benefit of the 'Fund of Funds' scheme for startups in Kerala?

• A. Guaranteed funding for all startups.
• B. Direct grants for product development.
• C. Access to a larger corpus of funds and VC networks.
• D. Priority in patent reimbursements.

Answer 1

Answer:

C. Access to a larger corpus of funds and VC networks.

FUND OF FUNDS

• KSUM is partnering with SEBI accredited Alternative Investment Funds (AIFs) to invest in the startups from Kerala.

• The state government will act as a limiter partner for the funds

Benefits of Scheme

• The scheme will attract VC funds to the state and the fund will have a large corpus of funds for startups.

• The funds will have access to the Kerala startup

• ecosystem and any activities organised or supported by KSUM.

• The funds will be having a monthly facilitation program for interacting with Kerala based Startups.

• The technology startups in the scaling up stage can connect with the investors to raise equity based investments for their growth.

• The scheme will provide opportunities for branding and promotion of the fund in all startup events organized by KSUM.