They are currently in the process of selecting 50 tech-enabled budding businesses that will be closely monitored over the next three years. Those that show great promise will be hand-picked to lead the way through what will become a thriving start-up corridor. Their thinking is that businesses that are built on the backbone of tech will be able to scale more rapidly than anyone else.
Of course, these businesses will need capital in order to achieve such rapid growth. Groups such as Indian Angel Network, Turbostart, FICCI LEAD and MCA management Consultants will all be major players contributing to the entrepreneurial funding. $150 Mn has already been set aside during talks on creating this corridor.
For more information on CEPA’s startup investments goals click here.
