Taxpayer, Private Capital Protection Safeguards in Place for RDI Fund

Prelims-testable facts

• 01The Research, Development, and Innovation (RDI) Fund has a conflict-of-interest policy protected by stringent safeguards to ensure protection of taxpayers' money and private capital.
• 02The RDI Fund involves public money, and stringent protocols are being followed for both fund disbursement and conflict-of-interest safeguards.
• 03The framework has robust mechanisms to protect the integrity of investment decisions, with further safeguards being considered wherever required.
• 04The disbursal of RDI funds to some of the selected firms has already been completed, while the process for disbursal to the remaining selected firms is underway and will be completed shortly.
• 05The process for selection and announcement of Second-Level Fund Managers (SLFMs) is underway and is expected to be completed within two weeks or so.
• 0650% of the investment in the RDI Fund is expected to come from private equity sources, placing an equal responsibility on investment committees to safeguard both taxpayers' money and private capital.
• 07The RDI Fund carries a shared responsibility, with both the government and private capital having an equal stake in the investment decisions.

Trap alerts

• Most people think the RDI Fund only involves government money, but actually it also involves private capital.
• Most people think the RDI Fund has no conflict-of-interest safeguards, but actually it has stringent protocols in place to protect taxpayers' money and private capital.