Assertion (A) : Venture capital :financing is a form of equity :financing designed especially for funding new and innovative project ideas.
Reason (R) : Many specialised financial institutions have promoted their own venture capital funds.
Both (A) and (R) are true and (R) is the correct explanation of (A).
Both (A) and (R) are true and (R) is not the correct explanation of (A).
(A) is true, but (R) is false.
(A) is false, but (R) is true