RT team
India is set to bolster its deep-tech ecosystem with a ₹10,000 crore Fund of Funds, Union Commerce Minister Piyush Goyal announced at Startup Mahakumbh 2025. This initiative underscores the government’s commitment to nurturing startups, focusing on enabling rather than regulating innovation.
Goyal emphasized the allocation of “patient capital” to fuel R&D for cutting-edge technologies such as artificial intelligence, robotics, quantum computing, precision manufacturing, biotech, and semiconductor design. The Small Industries Development Bank of India (SIDBI) will prioritize smaller startups, with ₹2,000 crore earmarked for disbursement this year as the first installment.
The fund aims to empower early-stage startups, particularly those in high-potential, resource-intensive sectors, by addressing critical challenges like scaling prototypes, advancing R&D, and accelerating market entry. With a focus on fostering indigenous innovation, the government seeks to position India as a global leader in technology development.
To enhance support, a dedicated startup helpline will be established by the Commerce Ministry, providing guidance and addressing concerns for entrepreneurs.
Acknowledging the pivotal role of startups, Goyal remarked, “Our startup maharathis will drive the vision of Viksit Bharat (Developed India).” He also criticized opposition parties for their inability to appreciate India’s economic achievements under PM Modi’s leadership.
This significant fund underscores the government’s vision to transform India into a hub of disruptive technology, leveraging innovation to address national priorities and enhance global competitiveness.
