Sunday, January 07, 2007

Early start-up firms fail to attractVC

"Innovative early stage start up firms in India are lagging behind in gathering investment from venture funds as compared to their counterparts in other countries, with figures indicating that India accounts for a dismal 12 per cent of the venture capital in the early-stage innovative start up firms as compared to 29 per cent in European Union, 41 per cent in China and 50 per cent in Israel, according to a study conducted by TiE Stanford.

The study was conducted by Dr Rafiq Dossani, Senior Research Scholar, Stanford University and Asawari Desai, Director TiE Global."

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