Govt names 19 managers picked to receive Rs.7,131-Cr from RDI Fund

The government has disclosed the names of the 19 fund managers, comprising 14 alternative investment funds (AIFs) and five focused research organisations (FROs), selected under its Rs.1 lakh crore Research, Development and Innovation (RDI) scheme. Anusandhan National Research Foundation (ANRF), the government’s research body which acts as the custodian of the fund, has made an initial commitment of INR.7,131-Cr to the selected cohort.The selected AIFs are Blume Ventures, Kalaari Capital, Chiratae Ventures, Speciale Invest, YourNest Capital, IvyCap Ventures, Ideaspring Capital, TVS Capital Funds, Celesta India AIF Managers, AdvantEdge Investment Managers, AMA Capital Advisors, Translation Endeavors, Sixth Sense Ventures, and Campus (sic).The five FROs identified are the AI & Robotics Technology Park at IISc Bengaluru, the Centre for Cellular and Molecular Platforms in Bengaluru, IIT Madras Research Park, the Pilani Innovation & Entrepreneurship Development Society at BITS Pilani, and the Society for Innovation & Entrepreneurship at IIT Bombay.