Electronic Development Fund

The government has launched the Electronics Development Fund (EDF) in collaboration with Canbank Venture Capital Fund Ltd.
-EDF is an initiative of Deity to create a Fund of funds which will work with venture capitalists (VCs) to create funds, known as "Daughter funds", which in turn will provide risk capital to companies developing new technologies in the area of electronics, nano-electronics and information technology (IT).
-The idea is that the EDF will put in 20% of the capital in daughter funds and the rest 80% will be invested by VCs. The daughter funds will then invest in companies, primarily start-ups.