New Delhi, Dec. 13 -- Minister of Science and Technology Jitendra Singh on Saturday said the government's proposed Rs 1 lakh crore Research, Development and Innovation (RDI) Fund is aimed at boosting private sector participation in high-risk research, intellectual property creation, and technology commercialisation.
Speaking at the RDI Fund Outreach Programme in New Delhi, Singh said the fund would provide long-term financial support to private companies through low-interest loans and equity-linked instruments, seeking to lower the risks associated with deep-tech research and long gestation projects.
According to the minister, the fund departs from traditional public financing models by offering unsecured loans without collateral or guara...