India, Nov. 16 -- The central government has so far supported as many as 128 startups nationwide with an investment of Rs 257.77 croreunder the Electronics Development Fund (EDF). To strengthen momentum in India's electronics sector and nurture a robust innovation ecosystem, the government launched the Electronics Development Fund (EDF) on February 15, 2016.

The Fund was launched to promote research, development, and entrepreneurship in the fields of electronics, nanoelectronics, and information technology. The EDF functions as a Fund of Funds , designed to invest in professionally managed Daughter Funds such as early-stage angel and venture funds. These Daughter Funds, in turn, provide risk capital to startups and companies developing n...