Bharat Fund is managed by IIM Ahmedabad
Q. The Bharat Innovation Fund is managed by- Published on 18 Jan 16a. Centre for Innovation Incubation and Entrepreneurship
b. IIT
c. NITI Aayog
d. Department of Science and Technology
ANSWER: Centre for Innovation Incubation and Entrepreneurship
The Bharat Fund is a public-private-academia partnership set up by Indian Institute of Management (IIM) Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE). The objective of the fund, inter-alia, is to support and provide funding (grants, seed capital, venture capital) and business support to innovation-driven start-ups that solve real problems faced by the masses of India through technology-enabled and rapidly scalable solutions and will focus on – healthcare and life-sciences (including biotech, medical devises), sustainability (energy, agriculture, environment, water), and digital technologies (especially in manufacturing, design). The Bharat Fund shall be managed and coordinated by CIIE at the IIM, Ahmedabad. Recently the Government of India’s Department of Biotechnology (DBT), along with the Biotechnology Industry Research Assistance Council (BIRAC), announced its participation in the Bharat Innovation Fund.
