International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Geographic and Identity-Based Bias in Early-Stage Venture Capital: Implications for Inclusive Innovation in India

Author(s) Mr. Aditya Prakash Nair
Country United States
Abstract Early-stage venture capital (VC) is often portrayed as a meritocratic system, rewarding exceptional founders and transformative ideas. Yet beneath this ideal lies a persistent architecture of bias—rooted in gender, geography, and educational pedigree—that determines who gains access to capital. In India, the disproportionate concentration of VC funding in Bengaluru, Delhi-NCR, and Mumbai leaves Tier-2 and Tier-3 cities underfunded, stifling regional innovation and job creation. While artificial intelligence (AI) promises to democratize access by expanding visibility for emerging founders, it risks reinforcing inequities if trained on biased data. Drawing on datasets from PitchBook, Crunchbase, Investopedia, and YourStory, this study examines how geographic and identity-based factors shape funding flows in India’s early-stage VC ecosystem. Comparative insights from the New Jersey Economic Development Authority (NJEDA) reveal how public–private interventions can mitigate exclusion. Findings suggest that deliberate policy and algorithmic design—encapsulated in the proposed VISTA framework—could significantly expand capital access for underrepresented founders and rebalance India’s innovation geography.
Keywords Venture Capital, Global Finance, Geographic Bias, Economics, Innovation
Field Sociology > Banking / Finance
Published In Volume 7, Issue 5, September-October 2025
Published On 2025-10-23
DOI https://doi.org/10.36948/ijfmr.2025.v07i05.58410
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E-ISSN 2582-2160
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