Tuesday, 19 March 2013
Fund Alert: Karnataka plans VC fund for pharma sector
Posted on 21:04 by Unknown
The Karnataka government has proposed to set up a venture capital fund with a corpus of Rs.50 crore targeting the pharmaceutical sector. The proposed Pharma VC Fund will have 26% contribution from the state government, while the balance will come from private investors and financial institutions.
The move to set up an exclusive VC fund for the pharma sector had been spelt out in the
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