The Hindu·4 min read·hard

Conflict of interest in startup funding panel “unavoidable”, says Technology Development Board secretary

J
Jacob P Koshy
Conflict of interest in startup funding panel “unavoidable”, says Technology Development Board secretary
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The Technology Development Board (TDB) secretary has defended the presence of potential conflicts of interest in expert panels that disburse public startup funds as 'unavoidable.' This follows reports that panel members have financial ties to companies that were subsequently approved for government funding.

Conflict of interest in selecting expert panels to disburse public funds for technology startups is “unavoidable” and a matter “to be managed,” Technology Development Board (TDB) secretary Rajesh Pathak said on Friday.

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