Government appoints CVCFL as implementing agency for Electronics Development Fund

21-Sep-2015 #Digital India Source: Economic Times

The centre has appointed CANBANK Venture Capital Fund Ltd (CVCFL) as the agency to implement the Electronics Development Fund (EDF) which would take minority participation in seed funds, angel funds and venture funds dedicated in the area of electronics, nano-electronics and Information Technology (IT). Setting up of EDF would enable creating a vibrant ecosystem of innovation, and research and development (R&D) in the country and will support government’s ‘Digital India’ programme.

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