D-Labs Of ISB Awarded Rs.5 Crore Under Seed Fund Program | Nearby News
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D-Labs Of ISB Awarded Rs.5 Crore Under Seed Fund Program
D Labs is a startup incubation center of the ISB who will now push good business plans to a new height
K
Kevin Dausi
Hyderabad
Mon Sep 06 2021
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D-Labs Of ISB Awarded Rs.5 Crore Under Seed Fund Program
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Hyderabad is already edging past every city in the country for startups and innovations by partnering with T-hub, the city's most giant incubator, and turning every company that comes to them into something unique and worth watching out for. T-hub will now be joined by someone who has been growing silently but is at a stage where their presence is equally important in startups.


D-labs, An Incubator of the Indian School of Business in Hyderabad, has been awarded a sum of Rs. 5 crores under the 'Startup India Seed Fund Scheme' by the  Department for Promotion of Industry and Internal Trade (DPIIT), under the Ministry of Commerce and Industry, Government of India. D-Labs is an Incubation center that focuses on nontech startups looking to take their place in the market. 


Through this funding, they will help startups grow to a level where they can raise investments from angel investors or venture capitalists or seek loans from commercial banks or financial institutions. D-labs will utilize the current seed funds to help the early startups grow and establish their position in the market. 


ISB feels that the capital requirement in a good business plan was a gap, and now this seed fund and many in the future is going to help the good idea startups in a make-or-break situation. Department of Science and Technology, Government of India, DLabs at ISB, is equipped with a state of the art facility to help young entrepreneurs interact and work with mentors, academia, and other business people.


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D-Labs Of ISB Awarded Rs.5 Crore Under Seed Fund Program
D-Labs Of ISB Awarded Rs.5 Crore Under Seed Fund Program
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