{"id":111946,"date":"2025-04-07T19:53:12","date_gmt":"2025-04-07T14:23:12","guid":{"rendered":"https:\/\/tweelabs.com\/blog\/?p=111946"},"modified":"2025-04-07T19:53:12","modified_gmt":"2025-04-07T14:23:12","slug":"piyush-goyal-unveils-%e2%82%b910000-crore-deeptech-fund-pushes-for-indigenous-innovation-and-startup-support","status":"publish","type":"post","link":"https:\/\/tweelabs.com\/blog\/piyush-goyal-unveils-%e2%82%b910000-crore-deeptech-fund-pushes-for-indigenous-innovation-and-startup-support\/","title":{"rendered":"Piyush Goyal Unveils \u20b910,000 Crore DeepTech Fund; Pushes for Indigenous Innovation and Startup Support"},"content":{"rendered":"

Union Commerce and Industry Minister Piyush Goyal<\/strong> on Saturday announced a major move to strengthen India’s deep-tech startup ecosystem by allocating a significant portion of the newly approved \u20b910,000 crore second Fund of Funds<\/strong> for seed funding<\/strong>. The initiative is aimed at nurturing early-stage startups working in AI, robotics, biotech, quantum computing<\/strong>, and other emerging sectors.<\/p>\n

Managed by the Small Industries Development Bank of India (SIDBI)<\/strong>, the fund will see a disbursement of \u20b92,000 crore in the current financial year<\/strong>, supporting startups with long gestation periods and high capital requirements\u2014challenges that typically deter traditional investors.<\/p>\n

While addressing entrepreneurs at the Startup Mahakumbh 2025<\/strong>, Goyal emphasized that this initiative is part of the government\u2019s larger vision to promote indigenous innovation<\/strong>, satisfy national strategic needs<\/strong>, and help India become a global leader in technology and innovation<\/strong>.<\/p>\n

\n

\u201cWe want to help develop emerging technologies such as AI, robotics, quantum computing, machine learning, precision manufacturing, and biotech,\u201d Goyal said.<\/p>\n<\/blockquote>\n

To support this vision beyond funding, Goyal announced the launch of a dedicated Startup India Desk<\/strong> within the Ministry of Commerce. The desk will function as a central helpline\u2014accessible via a four-digit toll-free number<\/strong> in multiple regional languages<\/strong>\u2014to address the concerns of budding entrepreneurs and invite policy suggestions directly from the startup community.<\/p>\n

Goyal also instructed SIDBI to establish at least one startup support centre in every Indian state<\/strong>, offering shared infrastructure and basic facilities to early-stage ventures to help them scale sustainably.<\/p>\n

The new initiative builds upon the success of the first Fund of Funds<\/strong> introduced in 2016, which backed over 125 Alternative Investment Funds (AIFs)<\/strong> and enabled funding to more than 720 startups<\/strong> across sectors. With this second phase, the government aims to move beyond ecosystem development and focus on deep-tech innovations<\/strong> that can propel India into the ranks of leading global tech economies.<\/p>\n

\n

\u201cWe\u2019re mobilising patient capital so our startups can innovate for India and the world,\u201d Goyal said, while also urging domestic investors to place greater trust in Indian startups.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Union Commerce and Industry Minister Piyush Goyal on Saturday announced a major move to strengthen India’s deep-tech startup ecosystem by 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of the government\u2019s larger vision to promote indigenous innovation, satisfy national strategic needs, and help India become a global leader in technology and innovation.\r\n\r\n\u201cWe want to help develop emerging technologies such as AI, robotics, quantum computing, machine learning, precision manufacturing, and biotech,\u201d Goyal 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