Infosys, a leader in consulting, technology, outsourcing and next-generation services, has created a $250 million amounting Rs 1,550 crore ‘Innovate in India Fund’ from its recently expanded Innovation Fund. The Innovate in India Fund will be dedicated for investments in promising new Indian companies that will be inducted into the global ecosystem of strategic partners that Infosys is building.
The company had earlier expanded its Innovation Fund to $500 million to accelerate the creation of its worldwide ecosystem of innovation. The Fund will be used to invest in young companies innovating in next-generation solutions and technologies such as Artificial Intelligence (AI), automation, pervasive connectedness as well as collaboration and design technologies.
Infosys is a global leader in consulting, technology and outsourcing solutions. The company enables clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition.