IANS | 15 Apr, 2024
Leading stock broker Zerodha co-founder Nikhil Kamath on Monday
launched a non-dilutive grant agnostic fund 'WTFund', dedicated to
nurturing young, promising entrepreneurs aged 25 and under.
This
initiative focuses on individuals who have the potential to
revolutionise their industries through creative ideas and compelling
visions.
"Today, young founders tend to create the most impact
within entrepreneurship. At WTFund, our goal is to cultivate a culture
that encourages young entrepreneurs to embrace risk by providing a
comprehensive support system," Kamath said in a statement.
The
fund offers a comprehensive package including a non-dilutive grant of Rs
20 lakh, enabling founders to retain full equity in their ventures.
Additionally, the fund provides access to operator-first mentorship pods, a vibrant community through the WTFund ecosystem.
Forty young entrepreneurs will be selected for funding and mentorship over one year.
They will undergo a rigorous screening process and receive support until they secure their first institutional funding.
The
WTFund is open to investing in all sectors. This initiative will
provide a comprehensive growth platform for emerging founders, creators,
makers, and dreamers, offering them financial support and a unique
opportunity to engage with a vibrant community of like-minded
individuals.