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Move afoot to ease norms for VC funding in startups

Move afoot to ease norms for VC funding in startups

Monday, March 20, 2017, 11:38 AM

Industrial Policy and Promotion has moved a cabinet note that seeks to ease venture capital funding norms for startups and relax the definition of a startup to include older biotechnology and medical device companies. The Department of Industrial Policy and Promotion (DIPP) has suggested these changes be incorporated under Startup India Action Plan, the Narendra Modi-led government’s flagship initiative for nurturing innovation.
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