Commerce and Industry Minister Piyush Goyal recently revealed that a substantial portion of the Rs 10,000 crore second fund of funds for startups in India will be dedicated to supporting seed funding for smaller players in order to foster deep-tech innovation. The fund will be managed by Sidbi, a government financial institution, which has earmarked a Rs 2,000 crore allocation for the current year. This move aims to empower emerging startups, particularly those focused on cutting-edge technologies, by providing them with the necessary financial support to fuel their growth and development. By prioritizing seed funding for smaller players, the government hopes to create a more conducive environment for innovation and entrepreneurship in the Indian startup ecosystem. This strategic allocation of funds underscores the government’s commitment to nurturing and promoting the startup sector in the country, ultimately driving economic growth and technological advancement.