Foxconn plans to set up a corporate venturing fund and incubator as part of a $20bn Indian investment initiative that could also include academic research funding.
Taiwan-based contract manufacturing company Foxconn plans to establish a venture capital fund and incubator in India as part of a $20bn investment plan in the country, the Economic Times reported on Saturday
Foxconn will seek to invest in e-commerce, mobile internet, online services and renewable energy, and is also interested in funding research at Indian universities. The company’s interest in funding Indian startups was originally reported by The Hindu on Friday.
The news was disclosed as Foxconn founder Terry Gou…
