Visnum Family Business Startup & Research initiative (VFBSRI) was founded in 2006 and pioneered the cause for incubation of the business startups for local entrepreneurs in the state of Goa.

The social and economic development of the state of Goa through incubation of business enterprises created employment and jobs and bridged the gap between the industry and academia and is the first and foremost kind in the state of Goa. The initiative was lauded by Goa Chamber of Commerce under leadership of Chamber President Manguirish Raikar in 2006.

The erstwhile Goa Government and Goans echoed cooperation with
GITIC (Goa IT and Innovation Center) and GCCI recognition for G.A.I.N. (Goa Angels Investment Network)

The foundation of the IT & Innovation Incubation Center at Verna Electronic City for Startups was further incubated and inaugurated Chief Minister of Goa Kamat and Goa Chamber of Commerce & Industry under leadership of President Manguirish Raikar.

VFBSRI team is actively involved in the state of Goa and works continuously with G.M.A.,G.I.B.A., CSI, G.I.T.I.C.,Y.E.F-G.C.C.I. ,C.I.I.-Goa and the local state government for policy rules and regulations to support entrepreneurship and startups incubation for Goan Youth.

Visnum FBSRI
Raj Dempo Ventures
205 Dempo Trade Center
11 Patto Plaza, Panaji 403001
State of Goa , INDIA
Telephone +91 832 243 7843
Facsimile +91 832 243 7844


Recently, The
Startup India Hub was founded by the Ministry of Commerce and Industry, Government of India; a well funded National Initiative for the Indian Youth. Startup means an entity, incorporated or registered in India : (As defined by Department of Industrial Policy and Promotion:Ref:
  • Not prior to seven years, however for Biotechnology Startups not prior to ten years,
  • With annual turnover not exceeding INR 25 crore in any preceding financial year, and
  • Working towards innovation, development or improvement of products or processes or services, or if it is a scalable business model with a high potential of employment generation or wealth creation

Information Resources