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​China to pump $7.8 billion into startup VC fund

China, Venture Capital

China is moving to establish a government venture capital investment fund worth 40 billion yuan. The fund will be aimed at supporting new industries by boosting entrepreneurship and innovation, said China’s State Council in a statement on the government’s website. The government released the statement following a State Council executive meeting chaired by China Premier…

Infosys to Create USD 250M “Innovate in India Fund” to Support Startups


Infosys Ltd plans to invest USD 250 million (INR 1,554 crore) in “Innovate In India Fund”, aimed at supporting startups and new ideas. The funding plan was announced by Infosys Chief Executive Officer and Managing Director Vishal Sikka in a meeting with the Prime Minister Narendra Modi in New Delhi, as according to a The Hindu report. Infosys’ Innovate…