Airtel ,the no 1 telecom service provider in India today a launched a venture fund with a initial corpus of Rs.200 crore(approx $44 million).This is a first time where a dedicated venture fund platform has been launched to motivate new venture creations based on new & innovative technology especially in the telecom sector. Although IT companies like Infosys,Wipro have venture funds for its staff members,Bharti’s venture fund platform will be different as it is targeted at innovations outside the company.
Bharti Airtel chairman and managing director Sunil Mittal said,
“The Airtel Innovation Fund is a pioneering step to promote innovation and help budding entrepreneurs realise their dreams. We are confident that this initiative will co-build the twin pillars of innovation and entrepreneurship to usher in a new wave of entrepreneurs in India”
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