Uttar Pradesh Startup Fund of Funds (₹1,000 Cr Corpus via SIDBI-managed AIFs) is a equity investment from StartinUP, Government of Uttar Pradesh (corpus deployed via SIDBI-managed AIFs) for the official pages do not publish a startup-facing eligibility checklist for this fund. It provides ₹1,000 crore corpus fund, deployed via SIDBI-managed Alternative Investment Funds (AIFs), for pan-sector startup financing in Uttar Pradesh. Applications are open on a rolling basis. Last verified against the official page on 22 September 2026.
Key facts
| Amount / benefit | ₹1,000 crore corpus fund, deployed via SIDBI-managed Alternative Investment Funds (AIFs) (Equity financing via SIDBI-managed Alternative Investment Funds) |
|---|---|
| Provider | StartinUP, Government of Uttar Pradesh (corpus deployed via SIDBI-managed AIFs) |
| Where | Uttar Pradesh |
| Sector | Pan-sector startup financing in Uttar Pradesh |
| Deadline | Rolling / always open |
| Corpus | ₹1,000 crore (INR 1000 Crore UP Startup Fund) |
| Structure | Fund of Funds — invests in "Daughter Funds" (AIFs), not directly in startups |
| Fund flow | StartinUP → SIDBI → Daughter Funds → Startups |
| Institution managing deployment | SIDBI (Small Industries Development Bank of India) |
| Example onboarded AIF | YourNest |
| Sector focus | All sectors — startups promoting innovative ideas across Uttar Pradesh |
| Nodal department | Department of IT & Electronics, Government of Uttar Pradesh (StartinUP) |
What is UP Startup Fund of Funds?
The Government of Uttar Pradesh has established the INR 1,000 crore UP Startup Fund to widen access to finance for startups in the state. It is structured as a fund of funds: the corpus does not invest directly into startups but is committed into "Daughter Funds," which in turn invest in startups pursuing innovative ideas across all sectors in Uttar Pradesh.
The official StartinUP portal shows the capital flow as StartinUP → SIDBI → Daughter Funds → Startups, i.e. Small Industries Development Bank of India sits in the deployment chain between the state government's fund and the Alternative Investment Funds (the "Daughter Funds") that hold the actual investee relationship with startups.
On StartinUP's linked "Fundraising" page, the same fund is shown feeding a broader access-to-capital sequence for UP-registered startups: portal application, evaluation by the Nodal Agency, evaluation by an Angel Investor/Venture Capitalist/HNI, a pitching round, and phase-wise investment, before an onboarded AIF actually invests. YourNest is named on the official page as an example of an AIF onboarded to invest into UP-registered startups under this fund.
Who is eligible for UP Startup Fund of Funds?
The official pages do not publish a startup-facing eligibility checklist for this fund; the fund itself invests only into SIDBI-routed "Daughter Funds" (AIFs), and those AIFs are the ones that hold the direct investment relationship with individual Uttar Pradesh startups.
How much does UP Startup Fund of Funds give, and in what form?
₹1,000 crore corpus fund, deployed via SIDBI-managed Alternative Investment Funds (AIFs), as equity financing via SIDBI-managed Alternative Investment Funds.
How to apply for UP Startup Fund of Funds
This sequence is published on StartinUP's 'Fundraising' page directly beneath the Fund of Funds description. The ₹1,000 crore Fund does not invest in startups directly — it is deployed through SIDBI into Daughter Funds (AIFs), of which YourNest is cited on the official site as an onboarded example; the fund of funds itself has no separate startup-facing application form beyond this flow.
- Apply through the Startin UP portal
- Evaluation by the Nodal Agency
- Evaluation by Angel Investor / Venture Capitalist / HNI
- Pitching round
- Phase-wise investment
- An onboarded Alternative Investment Fund (AIF) invests into the UP-registered startup
Related programmes
Browse similar equity programmes. See all uttar pradesh startup and msme schemes. CapEasy handles this under Fundraising advisory.
Source and verification
Official programme page: startinup.up.gov.in. Last verified 22 September 2026. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.