News Snapshot:
Inspired by the famous Dorm Room Fund of the US, which invests in start-ups managed by students, domestic accelerator venture capital firm 9Unicorns has launched its own version of a student fund to help budding entrepreneurs from premier technical and management schools. The fund is looking at investing between $50,000 and $75,000 each in 20 start-ups every year, which would be identified from the IITs and IIMs to begin with before enhancing the scope to include other leading institutions as well. This assumes significance as the recent past has been a spurt in the number of new start-ups getting registered...
