Madhya Pradesh is a very promising and developing state in Central India. Traditionally, the State is leading in Agriculture, Defence and Industry sectors. To encourage the start up, innovation and entrepreneurship, the state initiated setting up of Venture Fund.
Government of Madhya Pradesh established Madhya Pradesh MSME Fund Trust with a mandate to set up Venture Capital Fund in the state of Madhya Pradesh. MADHYA PRADESH SME INNOVATION FUND is registered with the Securities Exchange Board of India (“SEBI”) as an Alternate Investment Fund (“AIF”) in the Category I - SME Fund. The target corpus of the Fund is Rs 100 Cr with green shoe option of Rs 50 Cr.
Madhya Pradesh Venture Finance Limited (MPVFL) is the Asset Management Company set up to manage the funds of Madhya Pradesh MSME Fund Trust, as Investment Manager. Registered office of MPVFL is at Vindhyachal Bhawan, Bhopal while the Corporate Office is located at Electronics Complex, Indore.
MPVFL has initiated interaction with various start up networks, entrepreneurial clubs, entrepreneurs, angel investors, prominant technical education institutes across MP, various industry associations, incubation centres, various government departments involving in supporting and developing start up ecosystem in the state. MPVF has started receiving proposals from start up entrepreneurs seeking equity investment in their projects.
MPVFL has also initiated interaction with several prospective investors for seeking their contribution in the SME Innovation Fund and receiving enouraging response.
The management team at MPVFL is striving to reach all stakeholders associated with Start Up, Entrepreneurial and Venture Capital industry across the state of MP.