BANKING AFFAIRS

Detailed explanation-1: -Venture capital, as an industry, originated in the United States, and American firms have traditionally been the largest participants in venture deals with the bulk of venture capital being deployed in American companies.

Detailed explanation-2: -General Doritos set up the American Research and Development Fund (AR and D) at Massachusetts Institute of Technology in 1946 to finance the commercial utilization of innovative technologies developed in universities in USA and that’s where the origin of venture capital lies.

Detailed explanation-3: -History of Venture Capital Venture capital is a subset of private equity (PE). While the roots of PE can be traced back to the 19th century, venture capital only developed as an industry after the Second World War.

Detailed explanation-4: -The venture capital industry in India originated in the late 1980s, with the Indian government granted legal status to venture capital activities in 1988, and has attracted interest ever since. The first Indian venture capital firm was the Technology Development and Information Company of India Ltd.