Advisor Hekani Jakhalu, YouthNet officials and recipients of Series 4 of the YouthNet Incubation Centre SISFS in Chümoukedima on September 30. Photo Courtesy: YouthNet)
Chümoukedima, September 30 (MExN): Nine startups have secured a total of Rs 1 crore in seed funding under the Startup India Seed Fund Scheme (SISFS), facilitated through the YouthNet Incubation Centre (YIC).
The startups selected under Series 4 of the YouthNet Incubation Centre SISFS are Toshifez Innovations Private Limited, Syncnl Networks Private Limited, Zodmo Technologies Private Limited, Greenovex Private Limited, October Pumpkin-Shi Private Limited, A&D Renewables Energy Private Limited, Tuensang Hills Agro Private Limited, Green Buds Private Limited and Khamlou India Private Limited.
The startups operate across sectors including green hydrogen, agriculture and biotechnology, renewable energy, artificial intelligence and other technology areas.
The funding was announced at a ceremony held at the YouthNet office in Chümoukedima on September 30.
Speaking on the occasion, Advisor, Industries & Commerce, Hekani Jakhalu, urged entrepreneurs to approach startup building with patience and perseverance, while acknowledging the challenges and fulfilment that come with turning an idea into a viable enterprise.
Linking entrepreneurship with the vision of Viksit Bharat, she highlighted the role of startups and innovation in India’s economic development and interacted with the selected entrepreneurs on their businesses, innovations and challenges.
YouthNet Director and Chief Functionary Nuneseno Chase said the entrepreneurs represented a new generation seeking to build businesses in Nagaland and contribute to a self-reliant economy.
“Every startup here carries the hopes of a new Nagaland, one that believes in its potential, invests in homegrown talent, builds locally with pride, and dreams globally with confidence,” Chase said.
YouthNet Associate Director Neikepekho Shosahie said SISFS links funding to measurable progress, with funds released in tranches against agreed milestones. The scheme also provides grants, debt or convertible instruments to help startups develop and attract further investment or institutional loans.
YIC mentor Yanpvuo Kikon of Kikonic & Kley Enterprise urged the entrepreneurs to remain focused, realistic and clear about what they are building.
He stressed testing ideas quickly, learning from the market and refining approaches based on evidence. Entrepreneurs should be prepared to pivot when an approach fails to deliver results, he said.
The SISFS, implemented by the Department for Promotion of Industry and Internal Trade (DPIIT) under the Startup India initiative, provides early-stage financial support through approved incubators. It supports proof of concept, prototype development, product trials, market entry and commercialisatio
