India Aspires For Greater Startup Ecosystem

social CANDY-India-startupIndian entrepreneurialism is due to get a major boost thanks to the new state-backed India Aspiration Fund (IAF) designed to stimulate the country’s startup economy.

Launching at Rs 20bn ($300m), IAF is the delivery of a pledge made by India’s Prime Minister Narendra Modi made on the country’s Independence Day to support Indian entrepreneurship.

IAF will act as a fund of funds to support India’s venture capital scene, and provide advice to VCs on how to get the best out of their investments.

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