Government Initiatives

  • March 22, 2018

    Japan plans $1bn booster for space startups

    The country’s government is also exploring commercial development on the moon.

  • March 1, 2018

    Turkey unveils new venture capital investment plans

    The country’s development minister has announced a package of measures designed to stimulate innovation and growth.

  • February 22, 2018

    Indonesia plans new venture capital tax incentives

    Ministers are aiming to stimulate investment in small firms and startups.

  • December 21, 2017

    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.

  • December 11, 2017

    Japan’s INCJ set for reform

    The state-backed investment fund could become a holding company with responsibility for several investment arms, instead of operating as a single unit.

  • November 28, 2017

    Europe ‘guarantees’ research and innovation budget

    With research and innovation effectively ringfenced, Oettinger said the EC would “have to cut” effectively elsewhere.

  • November 24, 2017

    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.

  • November 23, 2017

    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.

  • October 31, 2017

    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.

  • October 24, 2017

    Scotland to consult on development bank

    An advisory committee headed by Benny Higgins will consider how a fully-fledged Scottish development bank might work, building on a policy pledge by the country’s devolved government.

  • October 20, 2017

    GCHQ accelerator tracks second cohort

    The UK government-backed program has selected nine startups for its second cohort, with each receiving $33,000.

  • October 4, 2017

    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.

  • September 15, 2017

    Azerbaijan looks to add venture capital

    The country’s government is looking into attracting venture capital to bolster startups in the mechanical engineering sector.

  • August 5, 2017

    Editorial: Value shifts from ideas towards large company investors

    Emphasis inside government and among its advisers is that more value and focus should be on the investors scaling up the business rather than those coming up with the idea and helping the entrepreneur set up a business.

  • August 1, 2017

    Canada makes visa scheme permanent

    Following a five-year pilot program to help immigrants launch startups and become permanent residents, the government has decided to make the scheme permanent.

  • July 20, 2017

    China opens tech transfer centre in Pakistan

    The centre has been established at the Pakistan Council of Scientific and Industrial Research.

  • June 23, 2017

    Editorial: Governments' towering role in innovation

    "It is important to create subdivisions that will work closely with startups and small innovative companies, as well as venture funds."

  • May 4, 2017

    Radiology Partners administers $200m round

    The Future Fund, Australia’s sovereign wealth fund, has co-led a funding round for the radiology practice that spans some 280 US hospitals and healthcare facilities.

  • May 3, 2017

    IFC energises BEBB with $10m

    The World Bank’s private sector investment arm has agreed to invest up to $10m in BEBB, which operates Power2SME, an online aggregator of raw materials requests from companies.

  • April 10, 2017

    European Union pitches $7.5m data fund

    The fund hopes to link businesses and the public sector with startups and small and medium-sized enterprises to help tackle industrial and societal challenges.

  • April 3, 2017

    UK to review tax breaks

    The patient capital review UK Chancellor Philip Hammond announced during his budget speech in March is expected to begin in May 2017.

  • March 28, 2017

    Canada unveils 2017 budget

    Measures include a $710m commitment to establish clusters focused on technologies such as artificial intelligence and $300m to support the innovation ecosystem through the Venture Capital Catalyst Initiative.

  • February 17, 2017

    Temasek opens San Francisco office

    Singapore’s investment firm is expanding its presence in the US, following the opening of a first office in New York three years ago.

  • February 10, 2017

    India to incubate startup district

    The country hopes to develop its first startup district with several incubation centres and labs, with some keen on choosing Mangalore as the location for the initiative.

  • January 30, 2017

    Editorial: GGV launches Leadership Society

    Delegates from two dozen states and institutions met in California last week to launch a leadership society that will help connect governments to corporate venturing units.

  • November 29, 2016

    CIC appoints Liu Jun executive vice-president

    Liu, the fourth senior executive hired by China’s sovereign wealth fund this year, was deputy general manager at state-owned enterprise China Everbright Group.

  • November 28, 2016

    EU to simplify insolvency and tax laws to support startups

    The EU's Startup and Scale-up Initiative spans insolvency and tax simplifications and a $1.7bn pan-European venture capital fund of funds.

  • November 25, 2016

    UK $118m for Northern Powerhouse Investment Fund

    In his Autumn Statement the UK Chancellor of the Exchequer said the fund will begin investing in small businesses in northern England in early 2017.

  • November 24, 2016

    EU and AfDB allocate $158m to fund startups

    European Investment Bank and the European Commission have partnered African Development Bank to launch Boost Africa, an initiative to nurture more than 1,500 startups.

  • November 23, 2016

    UK to go industrial with new fund

    Prime Minister Theresa May announced the Industrial Strategy Challenge Fund alongside plans to invest £2bn a year in technology R&D by 2020.

  • November 21, 2016

    Editorial: A patient investment idea worth keeping

    While entrepreneurs are increasingly looking for investors that can bring more than just fungible capital, in particular those that can help them expand internationally, many of the venture investors are increasingly inward-looking at their local region.

  • October 25, 2016

    Bpifrance to collaborate with Iran's EDBI

    France's public investment bank is exploring a strengthening of ties with Export Development Bank of Iran.

  • October 3, 2016

    Canada plans support program

    Canada's new Liberal government has set out an Innovation Agenda and has been preparing support measures for local corporate venturing after research by Global Corporate Venturing* showed its relative underperformance compared to other countries.

  • October 3, 2016

    Europe sets up venture markets

    The EIF-NPI Equity Platform held its first meeting last week to try and “enhance access to funding for [small and medium-sized enterprises (SMEs)], support defragmentation of equity markets, and match national, EU and private sources of funding,” its statement said.

  • September 28, 2016

    Belarus looks to China for collaboration

    Belarus is exploring a range of areas suitable for cooperation with China, including venture capital investments.

  • July 25, 2016

    Editorial: Growing the next generation of entrepreneurs

    The number one challenge in venture capital, whatever the source of the money from corporate, university, government or independent, is to source good quality deal flow.

  • July 11, 2016

    Book: Where The Jobs Are

    Comment by VC Brad Feld on how the US can generate jobs through startups.

  • July 8, 2016

    Ireland sets it sights on the stars

    A space business incubator is to open in Ireland following an agreement between the Tyndall National Institute and the European Space Agency.

  • July 6, 2016

    New chief executive of British Business Bank Investments

    British Business Bank Investments appoints Catherine Lewis La Torre to the role of chief executive effective of September 1 2016.

  • June 22, 2016

    3GF breathes easy

    Copenhagen holds the Global Green Growth Forum, an event to translate the ambitions of the Paris Climate Agreement and UN's Sustainable Development Goals through public-private partnerships.

  • June 6, 2016

    EC plans venture fund and regulatory change

    The Commission is also working with the European Investment Fund (EIF) to establish a Pan-European Venture Capital Fund-of-Funds that would combine public finance and private capital for additional stimulus and scale for new companies.

  • May 13, 2016

    Indonesia to convert loans to venture capital

    Indonesia's government plans a $8.9bn program to convert small business loans as a way to strengthen venture capital funding for startups in the country.

  • May 12, 2016

    New York energises cleantech partnership

    New York State’s Energy Research and Development Authority signs a memorandum of understanding with the Department of Energy's Advanced Research Projects Agency.

  • April 20, 2016

    Startups to set sail for Kobe

    The Japanese port city partners 500 Startups to establish a pre-accelerator program for 15 to 20 companies.

  • April 14, 2016

    Singapore budgets for fintech hub

    Singapore's latest budget includes provisions to create SG-Innovate, a fintech hub building on the country's existing programs.

  • April 6, 2016

    Canada's budget greeted with mixed reactions

    Canada's latest budget backs the cleantech sector, improves university infrastructure and supports researchers, but has frozen the small business tax rate at 10.5%.

  • April 1, 2016

    Alberta Innovates to be restructured

    The provincial government plans to restructure Alberta Innovates from four organisations into one according to a leaked email from Alberta Innovates – Technology Futures CEO Stephen Lougheed.

  • March 29, 2016

    South Africa rethinks its venture capital tax incentive

    South Africa looks at ways to increase the uptake of its venture capital tax incentive scheme which has not attracted many applications since it was launched in 2009.

  • March 24, 2016

    India's startup funding to increase by 400%

    Startups in India stand to benefit from the government’s decision to boost early-stage funding from $6m to $30m.

  • March 23, 2016

    One Scotland strategy for five years

    Scotland launches its five-year Trade and Investment Strategy to focus on its One Scotland approach, helping businesses, entrepreneurs, academics and the government to work together.

  • March 18, 2016

    Howard University breaks ground on incubator

    Howard University’s startup incubator, which aims to support minority entrepreneurs, breaks ground at a ceremony involving DC mayor Bowser.

  • March 9, 2016

    Scottish Enterprise banks on $30.5m capital injection

    The UK’s department for public finance, HM Treasury, is set to provide Scottish Enterprise with additional funds to create a Business Development Bank.

  • March 2, 2016

    PTM surveys $482,000 investment

    PTM Group has obtained cash from Finance for Business North East’s Growth Fund

  • February 9, 2016

    Shanghai to bail out failed investments

    The government of Shanghai's plans to compensate venture capital firms that fail to make back their initial investment in startups has drawn criticism.

  • February 8, 2016

    Ireland accelerates outside of Dublin

    The government of Ireland provides $3.3m for the creation of accelerators outside of Dublin and invites expressions of interest from both Ireland-based and international parties.

  • February 8, 2016

    Enterprise Ireland injects $5.5m into Health Innovation Hub

    Health Innovation Hub aims to develop and commercialise healthcare technologies, products and services.

  • February 4, 2016

    Illinois restarts investment plan with $220m

    Illinois plans to invest $220m in 15 to 20 venture capital funds to support businesses in the state, following a re-approval of the initiative in 2011.

  • February 2, 2016

    KIA to manage up to $100bn

    Kuwait plans to launch a sovereign wealth fund to manage up to $100bn in local assets as part of its plan to privatise utilities and remove domestic energy subsidies.

  • February 1, 2016

    Temasek creates European Advisory Panel

    The investment firm of the government of Singapore creates a panel to share insights and perspectives on political, economic, social and industry trends in the region.

  • January 25, 2016

    India seeds idea to remove tax

    Startups in India are set to have more access to local angel funding as the government aims to remove a 30% tax on investments.

  • January 20, 2016

    Cisco collaborates with Italy on $100m investment drive

    Cisco has set up a $100m initiative to support Italian startups and provide training to students and teachers in the country.

  • January 19, 2016

    Indonesia to regulate foreign VC

    Indonesia plans to bring in regulations around foreign venture capital investments in the country and also hopes to begin selling bond futures on the domestic stock exchange.

  • January 19, 2016

    Singapore to continue research with $13.2bn

    Singapore's Research, Innovation and Enterprise Council has approved a $13.2bn commitment from the government to support research and innovation over the coming five years.

  • January 18, 2016

    Qualcomm and Guizhou to conduct $280m joint venture

    Qualcomm has inked an agreement with the government of Guizhou to set up its Chinese corporate venturing unit in the province and launch a $280m joint venture.

  • December 1, 2015

    UK programs $2.9bn cybersecurity investment

    The UK government outlines a $2.9bn investment in cybersecurity and announces a $252m Defence and Cyber Innovation Fund in a speech given by chancellor George Osborne.

  • November 26, 2015

    T-Hub taken to stage two

    The government of Telangana State in India is already planning the second phase of the recently opened Indian entrepreneur community T-Hub.

  • November 20, 2015

    LEP to help London’s youth acquire digital skills

    London Enterprise Panel creates a $7.6m program to bring digital skills to London's 14 to 16 year olds.

  • November 17, 2015

    Australia names Ferris innovation czar

    Australia’s Turnbull government appoints venture capitalist Bill Ferris as innovation czar to advise them on how to support technology companies and startups.

  • November 17, 2015

    Thailand continues quest for tax breaks

    Thailand's finance minister announces more measures to stimulate the economy following those approved in October.

  • November 16, 2015

    HTGF takes startups to China

    High-Tech Gründerfonds and investment bank Donghai Securities agree to cooperate to help German companies expand into the Chinese market.

  • November 12, 2015

    MVenturesBcn to advance 110 startups

    Mobile World Capital Barcelona, backed by the Spanish government and various regional governments, has created an accelerator and tech transfer initiative to help support and create startups.

  • November 10, 2015

    Tax breaks for Chinese VCs

    China introduces tax breaks for national venture capital firms investing in technology startups for more than two years.

  • November 10, 2015

    Strategy for American Innovation receives final update

    The US updates its Strategy for American Innovation for the final time on “Back to the Future Day” by focusing on three core components.

  • November 6, 2015

    EU considers public funding to boost VC investment

    EU financial services commissioner backs the capital markets union plan that proposes using public funds to increase venture capital investment in Europe.

  • November 3, 2015

    Malaysia tables 2016 budget

    Malaysia sets out its plans for nine projects and initiatives to contribute 26.7% to the country’s GPD next year with the tabling of its 2016 budget.

  • November 3, 2015

    Indian government panel to report on innovation

    A panel set up by India’s finance minister Arun Jaitley, which is looking at how to increase innovation in the country, prepares its report for publication.

  • November 2, 2015

    Moroccan Innovation Strategy misses targets

    Morocco misses targets established in the Moroccan Innovation Strategy launched in 2009 to support startups.

  • October 23, 2015

    Nasa to help startups take off

    Technology startups get free access to more than 1,200 NASA patents through the Startup Nasa Initiative.

  • October 21, 2015

    Forging energy links between Canada and China

    The Canadian energy minister visits China for seven days to forge links between Albertan and Chinese energy firms.

  • October 20, 2015

    G20 to crack down on tax avoidance

    A set of 15 action points have been developed by the Organisation for Economic Co-operation and Development in its final report to crack down on company tax avoidance.

  • October 19, 2015

    France woos technology venture capitalists

    France courts venture capital money by wining and dining investors and showing them what the country has to offer.

  • October 19, 2015

    Down Under on the up and up

    Funding levels for venture capital funding in Australia starts to approach pre-global financial crisis levels.

  • October 16, 2015

    India takes inspiration from Silicon Valley

    Following his trip to Silicon Valley, India’s prime minister Narendra Modi plans to encourage startups and female entrepreneurs in the country through potential legislation changes.

  • October 13, 2015

    Backbencher proposes startup capital gains tax removal in Australia

    Australia considers removing capital gains tax paid on investments in startups following a proposal by David Coleman, a backbench member of parliament.

  • October 9, 2015

    Indonesia gets the creative juices flowing

    Organisations in the country band together to support the country's creative industry amid an economic slowdown.

  • October 8, 2015

    Tedco to manage the Maryland Venture Fund

    Changes in legislation that came into effect this month have given control of the Maryland Venture Fund to Tedco.

  • September 2, 2015

    BPIfrance promotes acquisition

    BPIfrance sets out to convince French businesses that acquisitions of both technologies and teams are in their best interest and to reassure startups that acquisition by French companies is a positive step forward.

  • August 28, 2015

    £735m for CDC Group in the UK

    The UK's Department for International Development invests in CDC Group to help it generate jobs in Africa and South Asia though supporting businesses.

  • August 28, 2015

    India supports entrepreneurs in Scheduled Caste

    Entrepreneurs in the Scheduled Caste in India gain a boost from a R2.5bn ($38.5m) fund created by the Ministry of Social Justice and Empowerment.

  • August 27, 2015

    Social Impact Accelerator Initiative gains €1m ($1.1m)

    The Republic of Bulgaria-owned Bulgarian Bank of Development invests €1m ($1.1m) in the European Investment Fund's Social Impact Accelerator Initiative.

  • August 24, 2015

    Recommendations to help Australia's small businesses

    Australia's Institute of Public Accounts releases a white paper containing recommendations on how the government can increase support for small businesses.

  • August 23, 2015

    Indian product startups need robust investment ecosystem

    Mahesh Lingareddy, co-founded Soft Machines and serves as its chief executive, discusses* how India's ecosystem needs to adjust.

  • August 22, 2015

    Editorial: Clouds clear for global entrepreneurial ecosystem

    'Connecting with global venture capital creates new mutually beneficial collaborative possibilities that are necessary in order to build a thriving global business.'

  • August 13, 2015

    Comment: Planning Europe's Capital Markets Union

    Lavan Thasarathakumar, regulatory policy at British Private Equity & Venture Capital Association (BVCA), discusses the potential impact of the planned Capital Markets Union in Europe.

  • July 27, 2015

    Malaysia makes magic with 500 startups

    Malaysia creates accelerator program with US-based accelerator 500 Startups through its Malaysian Global Innovation and Creativity Center.

  • July 23, 2015

    European research chief calls for innovation funding body

    Europe’s research commissioner wants to set up a European innovation council to fund excellent innovators, in the same way that the European Research council backs excellent scientists - Nuala Moran, Science Business.

  • July 23, 2015

    Jin Liqun gets Asian Infrastructure Investment Bank nod

    The Chinese government has nominated its former vice-minister of finance to be president of the forthcoming Asian Infrastructure Investment Bank.

  • July 23, 2015

    The world supports Africa's move towards industrialisation

    African countries have received advice on how to move towards industrialisation at the Africa Forum event that also saw the launch of a $50m fund and think tank for the region.

  • July 15, 2015

    Korea digs Pangyo Creative Economy Valley

    The government has earmarked KrW180 trillion ($166bn) this year to foster a startup ecosystem, new industries and markets with growth potential.

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