Leapfrog Accelerator LLC

completed

Leapfrog is a holding company formed to create, fund, and control businesses focused in the semiconductor systems and related software areas. Development Impact. Leapfrog is expected to provide a major push for India to enter the higher-end of the IT industry. As competition from lower-wage countries increases in the IT sector, India faces a significant challenge in moving up the curve into higher value-added products and services. Leapfrog is a notable initiative in this direction. The management team''s renown in the global semiconductor industry makes Leapfrog an exceptional opportunity to carry the Indian IT industry in a challenging new direction. In addition, Leapfrog’s management team, niche strategy, off-shore/on-shore experience and networks, business processes, and independence, will provide an important demonstration effect for the broader technology investment industry in India.IFC Role. IFC participation in the project offers a number of benefits, including:Channeling support to leading-edge Indian technology companies in a difficult funding environment.Providing follow-on financing to meet growth needs of sub-investee companies.Giving additional comfort to Silicon-valley based investors bringing world-class relationships and expertise to the Indian market.Demonstration effect for high-technology investment in other IFC client countries.