India's National Association of Software and Services Companies on Friday launched a $25 million innovation fund in collaboration with ICICI Knowledge Park.
Investors include India’s largest software services company, Tata Consultancy Services, the country’s leading private telecom operator, Bharti Airtel, and ICICI Knowledge Park.
On the drawing board for over a couple of years, the Knowledge Park Innovation Fund (NIIF) is finally expected to be operational within the next three months and to attract a first round of investments from 8-10 institutional investors. Follow-on rounds are expected to attract $40 million to $50 million.
NIIF will provide seed stage investments to encourage intellectual property-driven innovations in emerging technologies.
“While the larger firms can invest in innovation, startups and young firms in India often fail to scale up due to the lack of timely availability of seed capital," Kiran Karnik, president of the National Association of Software and Services Companies, said in a statement.
Click here to read the full article at Red Herring
This new Linux desktop runs like an app on your existing desktop - and I
highly recommend it
-
Portable and modular, Orbitiny runs on top of your existing window manager
- such as KDE Plasma or GNOME - like a regular app.
11 hours ago
0 comments:
Post a Comment