Electronic Development Fund (EDF) Policy

Headed By: 

Department of Electronics and Information Technology (DeitY)

Industry Applicable: 

IT Services, analytics, enterprise software, technology hardware, Internet of Things, AI, nanotechnology.

Eligible For: 

Startups pursuing innovation in technology sectors like electronics, IT, and nanoelectronics.

Overview: 

The agenda was envisaged to develop the Electronics System Design and Manufacturing (ESDM) sector to achieve “Net Zero Imports” by 2020. The EDF will help attract venture funds, angel funds and seed funds towards R&D and innovation in the specified areas. It will help create a cell of Daughter funds and Fund Managers who will be seeking good startups (potential winners) and selecting them based on professional considerations.

Fiscal Incentives: 

The Electronic Development Fund (EDF) is set up as a “Fund of Funds” to participate in professionally-managed “Daughter Funds” which, in turn, will provide risk capital to companies developing new technologies. CANBANK Venture Capital Funds Ltd. (CVCFL) is the Fund Manager for EDF.

Time Period: 

N/A

To know more about this startup scheme by the Indian Government, click here

2018-07-16T05:35:37+00:00