Topic9-UtkershSagreiya

This can be done through tax incentives like allowing

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

This document was uploaded on 01/14/2014.

Ask a homework question - tutors are online