Uttar Pradesh Startup Fund of Funds

UP’s StartinUP portal references a ₹1,000 crore fund corpus managed through SIDBI/AIF routes. Like national FFS, this is indirect capital through funds rather than direct founder grant. The ₹1,000 crore corpus behind this scheme is structured through SIDBI-managed Alternative Investment Funds rather than distributed directly by the state, meaning UP's role is to seed and de-risk capital that professional fund managers then deploy into portfolio companies via normal VC diligence. This fund-of-funds structure was reaffirmed as part of the broader UP Startup Policy 2026, cleared by the state cabinet on 6 July 2026, which positions it as the state's primary vehicle for growth-stage equity rather than early grant support.