Tracing the Origins of the Electronic Development Fund

The idea of establishing the EDF was first proposed in the National Policy on Electronics -2012. Subsequently, on 6 January 2015, the EDF was created in line with the 'Digital India' agenda of the Government. The primary aim of this initiative was to enhance the Electronics System Design and Manufacturing (ESDM) sector and achieve a 'Net Zero Imports' status by 2020. The Electronics Development Fund Policy was officially launched by the Honorable Prime Minister of India, Shri Narendra Modi, during the inauguration of Digital India Week on 1 July 2015. The government formally launched the EDF on 15 February 2016, issuing a letter of commitment to the first batch of Daughter Funds under the EDF.

The EDF was established with significant industry involvement, and its creation is expected to foster a dynamic ecosystem of innovation, research, and development (R&D) in the sector. Several state Governments have launched similar initiatives.

The ultimate goal of the Electronic Development Fund is to actively participate in building a vibrant ecosystem of innovation, research, and development (R&D), with robust industry involvement.

When was the EDF officially launched?

The Electronic Development Fund was first proposed in the National Policy on Electronics, 2012. The government officially launched the EDF on 15 February 2016.

Who manages the EDF?

The EDF is managed by CANBANK Venture Capital Funds Ltd. (CVCFL).

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