BHARAT INNOVATION FUND

• The Bharat Fund is a public-private-academia partnership set up by Indian Institute of Management (IIM) Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE).
• The Fund was launched by the Prime Minister Shri Narendra Modi in September 2015 during the Startup Konnect event in California.
• The Fund will be managed and coordinated by CIIE at the IIM, Ahmedabad.
• It will support innovation and innovative startups in areas of healthcare and life-sciences, sustainability, and digital technologies.
• The Fund will use important tools such as labs, mentorship, funding, and networking to support entrepreneurs who take on hard challenges of an ever-broadening Indian market.
• Since its launch in the Startup Konnect event, the Bharat Fund has received pledges from several government and corporate entities, such as the Department of Industrial Promotion and Policy (DIPP), Ministry of New and Renewable Energy (MNRE), Tata Trusts, and others.