EDF has mobilised around Rs 1359 crore in the follow-on investments and supported start-ups have acquired 368 new intellectual properties
Over 23,600 high-skilled jobs have been created through the supported startups in high-technology sectors. The cumulative returns received by EDF from exits and partial exits amount to Rs 173.88 crore.
Looking at the achievements and Impact, the Electronics Development Fund (EDF) has made remarkable progress in nurturing India’s innovation ecosystem. It has drawn a total of Rs 216.33 crore from its contributors, including Rs 210.33 crore from MeitY.
The fund is established to create a strong foundation for innovation in India’s electronics and IT sectors. The major objectives of the funds include: Promoting Innovation and R&D, Supporting Daughter Funds, Strengthening Domestic Design Capabilities, Building a National IP Resource Pool and Facilitating Strategic Acquisitions.
