Frequently Asked Questions
Frequently Asked Questions
These are commonly asked questions about NvestBank. Reach out to us directly for more information!
These are commonly asked questions about NvestBank. Reach out to us directly for more information!
Who is eligible to apply for NvestBank financing?
Startups that are enrolled in one of Garage University’s incubation programs—Supernova, IdeasToMVP, AIR, or LiftOff—are eligible to apply for NvestBank financing.
How much of my development cost will NvestBank finance?
NvestBank can finance up to 90% of your total development cost. The remaining 10% is paid by you, the founder.
Do I need to provide any personal guarantees or collateral?
No. NvestBank does not require personal guarantees, collateral, or credit checks. The loan is collateralized against your startup’s equity.
What happens if my startup fails?
If your startup doesn’t succeed, you’re free to walk away. NvestBank absorbs the loss and retains ownership of the developed technology. You owe nothing further.
Can I buy back my equity after the loan is repaid?
Yes. If your startup succeeds, you can repay the loan any time without interest and reclaim your shares—except for a 1% equity stake that NvestBank retains as its fee.
Who are the development vendors NvestBank works with?
We only work with pre-vetted, trusted software vendors who are approved by Garage University’s incubation network. You’ll collaborate directly with them to finalize your scope and quotation before applying for financing.
Who is eligible to apply for NvestBank financing?
Startups that are enrolled in one of Garage University’s incubation programs—Supernova, IdeasToMVP, AIR, or LiftOff—are eligible to apply for NvestBank financing.
How much of my development cost will NvestBank finance?
NvestBank can finance up to 90% of your total development cost. The remaining 10% is paid by you, the founder.
Do I need to provide any personal guarantees or collateral?
No. NvestBank does not require personal guarantees, collateral, or credit checks. The loan is collateralized against your startup’s equity.
What happens if my startup fails?
If your startup doesn’t succeed, you’re free to walk away. NvestBank absorbs the loss and retains ownership of the developed technology. You owe nothing further.
Can I buy back my equity after the loan is repaid?
Yes. If your startup succeeds, you can repay the loan any time without interest and reclaim your shares—except for a 1% equity stake that NvestBank retains as its fee.
Who are the development vendors NvestBank works with?
We only work with pre-vetted, trusted software vendors who are approved by Garage University’s incubation network. You’ll collaborate directly with them to finalize your scope and quotation before applying for financing.
Who is eligible to apply for NvestBank financing?
Startups that are enrolled in one of Garage University’s incubation programs—Supernova, IdeasToMVP, AIR, or LiftOff—are eligible to apply for NvestBank financing.
How much of my development cost will NvestBank finance?
NvestBank can finance up to 90% of your total development cost. The remaining 10% is paid by you, the founder.
Do I need to provide any personal guarantees or collateral?
No. NvestBank does not require personal guarantees, collateral, or credit checks. The loan is collateralized against your startup’s equity.
What happens if my startup fails?
If your startup doesn’t succeed, you’re free to walk away. NvestBank absorbs the loss and retains ownership of the developed technology. You owe nothing further.
Can I buy back my equity after the loan is repaid?
Yes. If your startup succeeds, you can repay the loan any time without interest and reclaim your shares—except for a 1% equity stake that NvestBank retains as its fee.
Who are the development vendors NvestBank works with?
We only work with pre-vetted, trusted software vendors who are approved by Garage University’s incubation network. You’ll collaborate directly with them to finalize your scope and quotation before applying for financing.
Our Incubation Partners
Our Incubation Partners
Our Incubation Partners
We work with incubators and accelerators across India to help startups at an idea stage level
We work with incubators and accelerators across India to help startups at an idea stage level
We work with incubators and accelerators across India to help startups at an idea stage level
Ready to apply?
It only takes 5 minutes to pitch us your startup and get up to 90% of your tech development costs covered. Get started via the Garage App today.