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 allocated to support seed funding for smaller players in order to fuel deep-tech innovation in the country. The fund will be managed by Sidbi, a government financial institution, which has been allocated Rs 2,000 crore for the upcoming year. This move aims to boost the startup ecosystem in India and foster technological advancements in various sectors. The focus on seed funding for smaller players demonstrates the government’s commitment to nurturing innovation and entrepreneurship in the country, especially in the field of deep-tech. This announcement is likely to have a positive impact on startups and innovators looking to bring cutting-edge technologies to the market. By providing support at the seed stage, the government is paving the way for the development of groundbreaking solutions that have the potential to revolutionize industries and drive economic growth. Overall, this initiative reflects the government’s efforts to create a conducive environment for startups and promote India as a hub for innovation and technological advancement.