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India launches a $12 billion R&D fund to boost private innovation in emerging technologies.
The Anusandhan National Research Foundation has approved the framework for a Rs 1 lakh crore RDI Fund to boost private sector innovation in emerging technologies.
The fund, managed through a two-tier system, will channel money to independent fund managers like AIFs and NBFCs via a Special Purpose Fund within ANRF.
Implementation guidelines, financial rules, and governance structures were finalized with government input, ensuring transparency and independence.
The initiative, launched by the Union Cabinet in July 2024 and managed by the Department of Science and Technology, aims to strengthen India’s R&D ecosystem and drive innovation-driven growth.
India lanza un fondo de investigación y desarrollo de 12 mil millones de dólares para impulsar la innovación privada en las tecnologías emergentes.