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 allocated towards supporting seed funding for smaller players in order to foster deep-tech innovation in India. The fund will be administered by Sidbi, a government financial institution, which has been earmarked a Rs 2,000 crore allocation for the year. This move is expected to provide a significant boost to the startup ecosystem in the country, particularly for early-stage startups looking to develop cutting-edge technologies. Goyal emphasized the importance of nurturing and promoting innovation in the deep-tech sector to propel India’s growth and competitiveness in the global market. The initiative aims to encourage more entrepreneurs to venture into the deep-tech space by providing them with the necessary financial support and resources to bring their ideas to fruition. By focusing on seed funding for smaller players, the government hopes to create a conducive environment for innovation and entrepreneurship to thrive in India. This strategic allocation of funds underscores the government’s commitment to fostering a culture of innovation and technological advancement in the country’s startup ecosystem, positioning India as a hub for pioneering deep-tech solutions with global relevance.<\/p>\n","protected":false},"excerpt":{"rendered":"
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 allocated towards supporting seed funding for smaller players in order to foster deep-tech innovation in India. The fund will be administered by Sidbi, a government financial institution, which has been […]<\/p>\n","protected":false},"author":0,"featured_media":89437,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-9.jpg",1280,720,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-9-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-9-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-9-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-9-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-9.jpg",1280,720,false],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-9.jpg",1280,720,false]},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/89436"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=89436"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/89436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/89437"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=89436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=89436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=89436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}