KITVEN Fund-3 (Biotech)

KITVEN Fund-3 (Biotech) is a SEBI registered Venture Capital Fund having target corpus of Rs. 35.55 crore. The Fund proposes to undertake investments in companies catering to Biotechnology and such other allied sectors within the State of Karnataka. Currently, the Fund has received commitment from State and Central Government firms/ institutions like Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI) and KSIIDC BIRAC.

Eligibility: Early and growth stage startups in the State of Karnataka. Investment will be undertaken only in startup companies as defined in Gazette Notification GSR 180(E) dated 17.02.2016 and as amended from time-to-time.

Funding Grant: Maximum funding: Rs.3.50 Crores.Minimum funding: Rs. 1 Crore.

Area: Life Sciences & Biotechnology

Ministry/Dept: Karnataka Asset Management Company Private Limited (KAMCO) 

Purpose: Capacity Building

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