RITES has created a corpus to be invested in Start-Ups to support the Government of India (GoI) Start-Up initiative and to generate long term commercial benefits.
Our Mission for Start-Up Initiative is to Identify, Invest and Nurture Start-Ups that can become successful companies in the long run and provide profitable returns from this diversification.
Our 1st round of Solicitation is being launched. Startup proposals may be submitted herewith. Bidders are requested to visit RITES Corporate website “ www.rites.com” to familiarise yourself about the industry segments in which RITES operates for submitting proposals which would be relevant for consideration.Kindly upload a PDF of the proposal in the link provided below:
RITES will consider Proposals for funding only from those entities that are considered as a Start-Up1
The following Broad Criteria will be used for Shortlisting of Start-Up proposal2
RITES shall evaluate the top rated shortlisted Proposals through a specially formed Committee for the purpose.3
RITES reserves the discretion of carrying out Independent Valuation of the Start-up entity before making investments.4