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Government Initiatives

Indonesia plans new venture capital tax incentives
Ministers are aiming to stimulate investment in small firms and startups.
RDIF and CDC wrap up $89m funding agreement
The state-owned Russian Direct Investment Fund and CDC International Capital will invest in SMEs with business potential in both France and Russia.
Japan’s INCJ set for reform
India backs EBRD membership bid
The government will initially seek 100 EBRD shares for a minimum price of $1.2m in an attempt to boost the competitiveness of India-based businesses.
US to tighten oversight on foreign deals
A draft bill aims to double the number of national security considerations that justify an investigation into foreign deals for US-based firms.
UK government goes on $26.6bn tech offensive
The measures include a new $3.3bn fund operated by state-owned investment agency British Business Bank to cover funding shortfalls should the EIF end UK loans come Brexit.

News Continued

Malaysia targets $236m in venture capital
The government will raise the sum from institutional investors while rolling out tax reforms to encourage venture capital activity.
GCHQ accelerator tracks second cohort
The UK government-backed program has selected nine startups for its second cohort, with each receiving $33,000.
Karnataka cooks up $6.1bn startup centre
The artificial intelligence and data science-focused hub will aim to support 35,000 new jobs within five years.
Ukraine cranks up fund-of-funds

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