Chennai : A memorandum of understanding has been signed between Billionaire Venture Capital and TBS Bank to provide necessary financial support to start-up companies.
Subhash Kumar, a member of the Board of Directors of Billionaire Venture Company, said, “Billionaire Capital has entered into an MoU with TBS Bank to meet the financial needs of the fastest growing startup companies in the country.
In the first phase of this scheme, it has been decided to provide financial assistance to the tune of Rs.1,600 crore to more than 150 start-up companies in the states of Tamil Nadu, Karnataka and Maharashtra.
In particular, more emphasis will be given to start-up companies based on information technology. This will encourage young entrepreneurs to start startups,” he said.