India unveils ₹10,000 crore deep-tech fund to strengthen startup ownership

The Indian government announced a ₹10,000 crore Startup Fund of Funds dedicated to deep-tech ventures to support founders in maintaining equity control and fostering domestic innovation. The initiative aims to reduce dependency on foreign venture capital and encourage technology development within strategic sectors like AI, defense, and clean energy. Officials said this policy will nurture long-term intellectual property creation and strengthen India’s tech independence. The fund will be managed under the Startup India framework in coordination with SIDBI.

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