₹10,000 Crore Startup Fund Launched to Boost Innovation & Venture Capital Access
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The Indian government has launched a ₹10,000 crore startup fund to boost innovation and venture capital access. The fund will support startups in deep tech, early-stage, and technology-driven manufacturing, and will be managed by the Small Industries Development Bank of India.
The Indian government has launched the Startup India Fund of Funds 2.0 with a corpus of ₹10,000 crore. The fund aims to support innovation and venture capital investment in startups. It will contribute to SEBI-registered Alternative Investment Funds, which will invest in startups and provide mentorship. The fund has a segmented approach, targeting deep tech, micro VCs, manufacturing, and sector-agnostic startups. Up to 5% of returns will be used for ecosystem development. The implementation will be led by the Small Industries Development Bank of India.
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