The Electronics Development Fund was launched by the Government of India on 15 February 2016. Read more about Electronics Development Fund, Key Objectives, Latest News.
Electronics Development Fund Latest News
The Electronics Development Fund has played a pivotal role in nurturing innovation and entrepreneurship in India’s electronics and IT sectors.Â
About Electronics Development Fund
It was launched by the Government of India on 15 February 2016.
The Fund aims to promote research, development, and entrepreneurship in the fields of electronics, nano-electronics, and information technology.
It functions as a Fund of Funds, designed to invest in professionally managed Daughter Funds such as early-stage angel and venture funds.
Each Daughter Fund supported under the scheme is required to be registered in India and comply with all applicable laws and regulations, including the SEBI (Alternative Investment Funds) Regulations, 2012, as Category I or Category II AIFs.Â
Key Objectives of Electronics Development Fund
Promote Innovation and R&D: To foster research and development in electronics, nano-electronics, and information technology by supporting market-driven and industry-led innovation.
Support Daughter Funds: To invest in professionally managed Daughter Funds such as early-stage angel and venture funds that, in turn, provide capital to startups and technology ventures.
Encourage Product and Technology Development: To nurture entrepreneurship by supporting companies involved in the creation of new products, processes, and technologies within the country.
Strengthen Domestic Design Capabilities: To enhance India’s capacity for indigenous design and development in the Electronics System Design and Manufacturing (ESDM) sector.
Build a National IP Resource Pool: To generate a strong base of intellectual property in key technology areas and encourage ownership of innovation within India.
Facilitate Strategic Acquisitions: To enable acquisition of foreign technologies and companies where such products are imported in large volumes, promoting self-reliance and reducing import dependence.
Source: PIB
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