Commerce and Industry Minister Piyush Goyal recently revealed that a substantial portion of the Rs 10,000 crore second fund of funds for startups will be utilized to bolster seed funding for smaller players, with a focus on propelling deep-tech innovation in India. The Small Industries Development Bank of India (Sidbi), a government financial institution, has been entrusted with the administration of this fund, which includes a Rs 2,000 crore allocation for the current year. This strategic move aims to boost the startup ecosystem in the country and foster the growth of innovative technologies by providing crucial financial support to budding entrepreneurs. The initiative underscores the government’s commitment to promoting entrepreneurship and driving technological advancements in various sectors.