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The early days of a start-up venture
The lack of seed and early stage venture capital poses a serious challenge to the growth of product based technology start-ups in India. ICICI Knowledge Park has tied up with NASSCOM to launch a seed stage Innovation Fund by the end of 2007 to address this capital gap between funds from friends and family and traditional VC finances.
The objectives of the NASSCOM-IKP Innovation Fund are:
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• 		foster product based technological innovations in life sciences and IT
nurture entrepreneurship
develop sustainable business solutions
help innovation driven start-up companies achieve critical milestones to make them attractive for follow-on venture capital financing

The objective of the Fund is to ensure that economic development and return on investments are viewed as complementary motivations and are in consonance with the overall objective of ICICI Knowledge Park of nurturing an environment for innovation.