Government’s ₹10,000 Crore Fund Gives New Push To India’s Startup Ecosystem
India’s startups are now active across more than 50 sectors, including deep tech, artificial intelligence, quantum computing, agri-tech, space, drones and aerospace. Highlighting the government’s support, it was said that the ₹10,000 crore Fund of Funds launched in 2016 has successfully provided seed capital and encouraged risk-taking among startups, with another ₹10,000 crore fund announced in the latest Budget to further strengthen India’s innovation ecosystem and empower youth.
India’s startups are now active across more than 50 sectors, including deep tech, artificial intelligence, quantum computing, agri-tech, space, drones and aerospace. Highlighting the government’s support, it was said that the ₹10,000 crore Fund of Funds launched in 2016 has successfully provided seed capital and encouraged risk-taking among startups, with another ₹10,000 crore fund announced in the latest Budget to further strengthen India’s innovation ecosystem and empower youth.
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