Plan committee to boost venture cap
Planning Commission on Wednesday announced the setting up of a Committee on Technological Innovation and Venture Capital to examine innovation and technological dynamism in both the modern and traditional sector.
By PTI |
NEW DELHI: Planning Commission on Wednesday announced the setting up of a Committee on Technological Innovation and Venture Capital to examine innovation and technological dynamism in both the modern and traditional sector and relationship between research, entrepreneurship and financial markets.
To be chaired by Nitin Desai, the Committee will also examine the policy environment for venture capital and make recommendations, which would lead to basic industrial research and development being converted into new ventures. It will also suggest policy changes to encourage the flow of venture capital for facilitating start-ups and new ventures.
The Committee will submit its Report to the Commission by December this year.
Other Members of the Committee are Shri Nandan Nilekani, Shri Rajiv Lall, Shri Saurabh Srivastava and Prof. N.L. Sarda.
Shravan Nigam, Adviser, Planning Commission, will be the Member-Secretary of the Committee.
To be chaired by Nitin Desai, the Committee will also examine the policy environment for venture capital and make recommendations, which would lead to basic industrial research and development being converted into new ventures. It will also suggest policy changes to encourage the flow of venture capital for facilitating start-ups and new ventures.
The Committee will submit its Report to the Commission by December this year.
Other Members of the Committee are Shri Nandan Nilekani, Shri Rajiv Lall, Shri Saurabh Srivastava and Prof. N.L. Sarda.
Shravan Nigam, Adviser, Planning Commission, will be the Member-Secretary of the Committee.
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