https://www.taxtmi.com/news?id=16417 Governmental approval establishes a Fund of Funds for Startups to channel public corpus into professionally managed vehicles that invest in startups through Alternative Investment Funds (AIFs). The Fund is sector agnostic, contributes to the capital of AIFs which take equity in startups at seed, early and growth stages under the Startup Action Plan, and releases corpus subject to scheme progress and fund availability. A multi departmental Monitoring Committee will review progress, evaluate effectiveness, plan implementation, ensure beneficiary alignment, demonstrate impact, and ensure legal and policy compliance. en-us Tue, 26 Jul 2016 10:20:33 +0530 Tue, 26 Jul 2016 10:20:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16417 Governmental approval establishes a Fund of Funds for Startups to channel public corpus into professionally managed vehicles that invest in startups through Alternative Investment Funds (AIFs). The Fund is sector agnostic, contributes to the capital of AIFs which take equity in startups at seed, early and growth stages under the Startup Action Plan, and releases corpus subject to scheme progress and fund availability. A multi departmental Monitoring Committee will review progress, evaluate effectiveness, plan implementation, ensure beneficiary alignment, demonstrate impact, and ensure legal and policy compliance. News - Tue, 26 Jul 2016 10:20:33 +0530 https://www.taxtmi.com/news?id=16417