Pune: SPPU to empower early stage startups with Rs 5 lakh fund, invites applications

In addition, Rs 1 lakh to Rs 5 lakh will be provided to the first five selected startups. The money will be given from the funds received by the university from the Maharashtra State Innovation Society.

While the cell has invited applications for startups to participate in the programme, there is a fee involved. For new registrations, the fee is Rs 10,000. The cell had earlier introduced a startup competition, I to E. For participants of this competition, the fee will be Rs 5,000.

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Last year, of the 60 ideators who had participated in the programme, 24 started their own companies, 10 were incubated at SPPU’s Research Park Foundation, and five are ready for investments, said Palkar.