Fund Alert:Govt to set up VC fund for electronics firms

The government is considering setting up Angel/Venture funds for electronics-specific firms in the next few months. A detailed project report for setting up a Rs.10,000 crore EDF is being examined.

Besides, a dedicated Working Group has been set up in Department of Electronics and Information Technology to consider specific R&D and product development proposals which will help the manufacturing and IP development.

Source: Deccan Herald

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