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Unformatted text preview: uals to invest in VC
funds and also to facilitate the setting up of micro-finance institutions to cater to the capital
needs of innovative but cash-crunched ventures. This can be done through tax incentives like
allowing tax benefits for accredited angel investors.
A Fund-of-Funds can be created, where-in the government provides levered returns to the
investors by reducing risk or increasing the returns; to help in channelling financial resources
towards the nurturing of innovative ideas especially in sectors that are otherwise overlooked
by the market and see no participation by private funders. Universities: Education Initiatives The most prominent barrier to innovation as perceived by firms is skill shortage, which arises
due to a lack of emphasis on problem-solving, creativity, design and experimentation in the
educational curricula 10 .
Improve vocational training and strengthen basic skills of informal sector
Vocational Education and Training needs to undergo a reform, with the primary focus...
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- Winter '14