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πŸ“° News ⏱ 2 min
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Key Points

7 points
1

Research, Development and Innovation Fund safeguards public and private money.

2

Aim to release funds faster for eligible projects.

3

Private equity expected to contribute 50% of total investment.

4

Second-Level Fund Managers will identify deserving companies.

5

Scope expanding to cover emerging technologies like artificial intelligence.

6

Conclave 2026 will feature global scientists and many exhibition stalls.

7

Digital library of short videos will share success stories.

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Summary

Officials are working to speed up the release of funds so that eligible companies can begin projects without delay.

Half of the fund’s capital is expected to come from private equity sources, creating shared responsibility.

A selection process for Second-Level Fund Managers is underway to ensure transparent and fair allocation.

The fund’s scope is being broadened to include emerging technologies such as artificial intelligence and other strategic fields.

Upcoming events like the Emerging Science, Technology and Innovation Conclave 2026 will showcase innovations and involve international award winners.

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New Words to Learn

15 words
disbursal
giving out money
due diligence
careful checking
private equity
money from private companies
transparent
open and clear
sectoral
relating to different parts of the economy
synergies
working together to help each other
technology readiness level
how ready a new technology is to be used
digital library
online collection of videos and stories
conclave
big meeting or gathering
Nobel laureate
person who won a famous science award
stakeholder
anyone who cares about the project
framework
set of rules
scrutiny
close checking
collaboration
working together
initiative
new plan or project
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