{"id":261288,"date":"2019-02-26T07:24:31","date_gmt":"2019-02-26T07:24:31","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=261288"},"modified":"2019-02-26T07:31:42","modified_gmt":"2019-02-26T07:31:42","slug":"numaligarh-refinery-to-rope-in-nedf-to-run-its-start-up-fund","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/numaligarh-refinery-to-rope-in-nedf-to-run-its-start-up-fund\/","title":{"rendered":"Numaligarh Refinery to rope in NEDF to run its start-up fund"},"content":{"rendered":"<p>State-owned Numaligarh Refinery Ltd may rope in North East Development Foundation (NEDF) of Guwahati-based NEDFi (North Eastern Development Finance Corporation Ltd) for operating its \u20b910-crore start-up fund.<\/p>\n<p>A similar move is also expected from the Dhuliajan-based Oil India, which announced the setting up of a \u20b950-crore fund.<\/p>\n<p>Tie-up with IIT Guwahati<br \/>\nCreated in 2017, the NRL fund saw disbursement of seed capital of around \u20b91.5 crore. The BPCL subsidiary tied up with IIT-Guwahati for incubation of the start-ups. However, operation of the fund remains a concern as venture capital requires specialised skills and attention.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Numaligarh Refinery Ltd may rope in North East Development Foundation (NEDF) of Guwahati-based NEDFi (North Eastern Development Finance Corporation Ltd) for operating its \u20b910-crore start-up fund. A similar move is also expected from the Dhuliajan-based Oil India, which announced the setting up of a \u20b950-crore fund. Tie-up with IIT Guwahati Created in 2017, the NRL fund saw disbursement of seed capital of around \u20b91.5 crore. The BPCL subsidiary tied up with IIT-Guwahati for incubation of the start-ups. However, operation of the fund remains a concern as venture capital requires specialised skills and attention.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-261288","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=261288"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/261288\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=261288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=261288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=261288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}