“J&K Capital Connect” opens new avenues for equity financing, marks milestone in Startup Policy 2024–27 implementation
Srinagar: In a major boost to Jammu and Kashmir’s startup ecosystem, the Jammu & Kashmir Entrepreneurship Development Institute (JKEDI) in collaboration with the Ministry of Micro, Small & Medium Enterprises (MSME), Government of India, hosted the inaugural event titled “J&K Capital Connect: Investing in J&K MSMEs and Startups through SRI Fund” in Srinagar on Friday.
The event marks a significant step in bringing national venture capital funds and equity investors to the Union Territory under the Self-Reliant India (SRI) Fund, implemented through NSIC Venture Capital Fund Limited (NVCFL). It also aligns with the J&K Startup Policy 2024–27, aimed at positioning Jammu and Kashmir as a vibrant innovation and investment hub.
The event was graced by the Lieutenant Governor of J&K, Manoj Sinha, as the Chief Guest. In his address, the Lieutenant Governor commended the MSME Ministry’s initiative, describing the SRI Fund and its daughter funds as “a game-changer in providing venture capital access to local entrepreneurs.”
He emphasized that equity financing would play a pivotal role in building a resilient entrepreneurial culture and advancing the vision of Atmanirbhar Bharat, while enabling startups in J&K to compete nationally and globally.
Vikramjit Singh (IPS), Commissioner Secretary, Industries & Commerce Department, serving as the Guest of Honour, said the administration’s continuous reforms and initiatives have “rejuvenated J&K’s startup ecosystem,” ensuring it keeps pace with innovation hubs across India.
The event witnessed participation from top officials and investors including Mercy Epao, Joint Secretary, MSME; Dr. Subhranshu Shekhar Acharya, Chairman NVCFL & CMD NSIC; Sarvana Kumar, CEO NVCFL; Prem Prabhakar, MD & CEO, SBI Ventures Ltd., along with representatives from major venture capital firms and senior officers of the J&K Industries & Commerce Department.
More than 24 national venture capital funds—including IvyCap Ventures, Omnivore Agritech & Climate Sustainability Fund, Chiratae Ventures, Gaja Capital, Greenstone Fund, and Antler Innovation India Fund—participated in the event, showcasing growing investor confidence in the region.
Over 93 startups from across Jammu and Kashmir engaged in one-on-one networking sessions with investors, presenting their ideas and exploring opportunities for collaboration and funding.
The agenda featured detailed presentations on the structure and investment flow of the SRI Fund, panel discussions on “Fueling Startup Growth,” “Disruption & Opportunity,” and “Enhancing Market Access,” and real-world success stories of MSMEs that have benefitted from venture capital support.
Delivering the vote of thanks, Khalid Jahangir (JKAS), Secretary, Industries & Commerce Department, and Director, JKEDI, expressed gratitude to Lieutenant Governor Manoj Sinha for his continued encouragement to entrepreneurship initiatives.
He also acknowledged the support of the Ministry of MSME, NSIC Venture Capital Fund Limited, industry leaders, venture funds, and startups for participating in what he described as a “futuristic step toward infusing life into J&K’s entrepreneurial landscape.”
With the successful hosting of “J&K Capital Connect”, the Union Territory has taken a major step toward bridging local innovation with national capital networks. The event reaffirmed J&K’s commitment to building a self-reliant, investment-friendly environment, fostering job creation, innovation, and inclusive economic growth.
