Chief Minister of Madhya Pradesh, ShivrajSingh Chouhan has announced that the state government is launching an INR 100 Cr. venture capital fund to incubate and promote startups in the state, he said in a tweet.
To promote and incubate start ups with innovative ideas in IT and MSME sectors we are launching a Venture Capital Fund of 100 crore.
— ShivrajSingh Chouhan (@ChouhanShivraj) October 6, 2014
There is a buzz around various state governments coming up with new initiatives to promote startups.