North-East Venture Fund (NEVF) — Frequently Asked Questions
Answers to the questions founders most often ask about North-East Venture Fund (NEVF) — who qualifies, the funding amount, required documents and how the application works.
Frequently asked questions
How much funding does the North-East Venture Fund provide?
The fund provides grant funding ranging from ₹25 lakh to ₹10 crore.
What is the application deadline for NEVF?
The deadline is not specified; applications can be submitted throughout the year.
Who is eligible to apply for NEVF?
Startups located in the North Eastern Region of India (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura) with an innovative business model, strong management team, viable product, and high growth potential are eligible.
Does NEVF take equity in the startup?
NEVF is a venture capital fund that typically takes equity in exchange for investment; however, the source describes the funding as 'grant'—applicants should clarify the exact terms with the fund.
What stage of startup does NEVF fund?
The fund invests in startups with innovative business models and high growth potential, likely early to growth stage.
Are there any sector restrictions?
No specific sector restrictions are mentioned; startups from any industry with a viable business model can apply.
Do I need DPIIT or MSME registration to apply?
The eligibility criteria do not mention DPIIT or MSME registration as a requirement.
What documents are required for application?
You need to submit a proposal including company information, team details, funding requirements, utilization plan, financial focus, and revenue model.
How do I apply for the North-East Venture Fund?
Submit your proposal by email to nevf@nedfi.com or through the online portal at www.nedfiventure.com/funds/.
Which states are covered under the North Eastern Region?
The region includes Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura.
Who offers North-East Venture Fund (NEVF)?
North-East Venture Fund (NEVF) is offered by Ministry of Development of North Eastern Region, a government body. It is provided as non-dilutive funding.