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 dedicated to supporting seed funding for smaller players in order to catalyze deep-tech innovation. The Small Industries Development Bank of India (Sidbi), a government financial institution, has been tasked with overseeing this fund, which includes a Rs 2,000 crore allocation for the current year. This initiative aims to bolster the startup ecosystem in India and foster the growth of innovative technologies. By focusing on seed funding for smaller startups, the government hopes to encourage entrepreneurship and drive technological advancements in various sectors. This move is part of a broader strategy to promote a culture of innovation and entrepreneurship in the country. With the backing of this fund, startups working on cutting-edge technologies will have the opportunity to access the capital they need to bring their ideas to fruition. The government’s emphasis on deep-tech innovation underscores its commitment to positioning India as a global hub for technological development. Through initiatives like this, India continues to strengthen its position as a leading player in the global startup landscape, attracting investment and fostering a conducive environment for innovation.