SIDBI
honored by TiE Mumbai for Shaping India’s Venture Capital Ecosystem
New Delhi, March 13, 2025: The Small Industries
Development Bank of India (SIDBI)
has been applauded by The Indus Entrepreneurs (TiE) Mumbai for its
outstanding contributions in nurturing and supporting the venture capital and
startup ecosystem in the country. The recognition was conferred at TiEcon
Mumbai 2025, India’s premier entrepreneurial leadership summit, held on March
12, 2025.
The award, which highlights
SIDBI’s pivotal role in fostering India’s startup ecosystem and driving
innovation, was conferred upon Shri Manoj Mittal, CMD, SIDBI.
It was received on behalf
of SIDBI by Shri S.P. Singh, CGM, SIDBI, from the esteemed hands of Shri
Narayana Murthy, co-founder of Infosys.
Since its inception in
1990, SIDBI has been at the forefront of developing the Venture Capital (VC)
ecosystem in India, playing a crucial role in promoting innovation-led
enterprises. Over the past three decades, SIDBI has consistently nurtured this
segment through sustained funding from its own balance sheet, as well as
pioneering ecosystem-building initiatives.
In the early 1990s, when
India’s venture capital ecosystem was still in its infancy, SIDBI took the
initiative to establish a dedicated venture capital department facilitating the
emergence of startups across various states. In 1999, it set up its own asset
management company, managing multiple sector-specific funds, including one of
India’s first IT-focused venture funds. Over the years, SIDBI has launched
funds catering to manufacturing, social ventures, exports etc, significantly
contributing to the diversification of India’s funding landscape.
This recognition from TiE
Mumbai underscores SIDBI’s relentless efforts in strengthening India’s venture
capital and startup ecosystem, further solidifying its role as a key enabler of
entrepreneurial success.
About SIDBI:
Since its formation in
1990, SIDBI acts as the Principal Financial Institution for Promotion,
Financing and Development of the Micro, Small and Medium Enterprise (MSME)
sector as well as for co-ordination of functions of institutions engaged in
similar activities. SIDBI executes its mandate through Indirect
Lending (based on multiplier effect/ larger reach in financing the MSME
sector), Direct Lending (aims to fill the existing credit gaps in the MSME
sector), Fund of Funds (boosts entrepreneurship culture by supporting emerging
startups), Promotion and Development (promoting entrepreneurship and
handholding budding entrepreneurs through credit-plus initiatives), Facilitator
(playing a facilitator through roles like Nodal Agency for the MSME oriented
schemes of the Government).
For more information, please visit: https://www.sidbi.in/
