By: Rajat Tandon, President, Indian Venture and Alternate Capital Association (IVCA)

“The launch of the INR 1 lakh crore Research, Development and Innovation Fund is a decisive step towards building India’s innovation capital framework. It lays the foundation for a new era of public–private collaboration in research and technology, anchored in long-term, risk-taking patient capital. The framework announced today where the Anusandhan National Research Foundation will steward the corpus and channel it through professional fund managers such as AIFs resonates deeply with what IVCA and the industry have been advocating. This is a forward-looking step that will catalyse private sector R&D, deepen India’s innovation capital, and accelerate the country’s vision of Viksit Bharat 2047.”