About Electronics Development Fund (EDF)
As part of the "Digital India" agenda of the Government, and to develop the Electronics System Design and Manufacturing (ESDM) sector so as to achieve “Net Zero Imports” by 2020 and to look at India as their next destination to cater to the domestic Indian demand as well as act as an exports hub in the ESDM sector. It is with this objective that an 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 in the area of electronics, nano-electronics and Information Technology (IT). The EDF will also help attract venture funds, angel funds and seed funds towards R&D and innovation in the specified areas. It will help create a battery of Daughter funds and Fund Managers who will be seeking good start-ups (potential winners) and selecting them based on professional considerations.
Electronics permeate in all sectors of economy and have a great economic and strategic importance. A major characteristic of the electronics sector is the importance of R&D and innovation due to high velocity of technology change. Intellectual Property is the most critical differentiator and a determinant of success for an electronics company.
The Department of Electronics and Information Technology, (Ministry of Communications and IT, Government of India) is coordinating strategic activities, promoting skill development programmes, enhancing infrastructure capabilities and supporting R&D for India’s leadership position in IT and IT-Enabled services. In furtherance to this objective, the Department of Electronics and Information Technology, (Ministry of Communications and IT, Government of India) has agreed to act as the Anchor Investor of the Fund.
Electronic Systems Design & Manufacturing (ESDM)