Startup ecosystem is mature and vibrant. This is due to concentrated efforts
To improve the support system,
Interest from venture capitalists and
Mentorship programs run by educational institutions and companies
to nurture and steer the startup scene to its present position.
Improved access to funding
The gaps are now well recognized that are challenging early stage companies.
The venture debt risk-sharing program is a groundbreaking effort to help small but high growth startups. This is a highly targeted funding scheme for startups that lack financially sound founders.
Under the program, along with select financial institutions can provide 50% risk shared venture financing. This is an effective alternative to traditional bank loans that calls for strong collaterals.
This enhanced access to funding will empower smaller startups and early stage startups to muster the financial resources needed to fuel their initial stage.Continue Reading >>