Commerce and Industry Minister Piyush Goyal recently revealed details about the Rs 10,000 crore second fund of funds for startups, highlighting that a substantial portion will be directed towards backing 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 been allocated Rs 2,000 crore for the upcoming year. This move is expected to provide a much-needed boost to budding entrepreneurs and innovators in the Indian startup ecosystem, encouraging them to explore cutting-edge technologies and solutions. Goyal’s announcement underscores the government’s commitment to supporting the growth and development of startups in the country, particularly those focusing on technological advancements and disruptive innovations. The initiative aims to create a conducive environment for startups to thrive and succeed, ultimately contributing to India’s position as a global hub for innovation and entrepreneurship. The allocation of funds towards seed funding for smaller players reflects a strategic approach to nurturing talent and fostering a culture of innovation in the Indian startup landscape. It is anticipated that this financial support will enable startups to scale their operations, drive research and development activities, and bring innovative products and services to the market. This latest initiative is poised to drive significant growth and transformation within the Indian startup ecosystem, paving the way for a new wave of tech-driven innovations and solutions that have the potential to make a lasting impact on various industries and sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"
Commerce and Industry Minister Piyush Goyal recently revealed details about the Rs 10,000 crore second fund of funds for startups, highlighting that a substantial portion will be directed towards backing 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 been […]<\/p>\n","protected":false},"author":0,"featured_media":89486,"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-361275-10.jpg",1280,720,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-10-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-10-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-10-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-10-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-10.jpg",1280,720,false],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-120027154imgsize-361275-10.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\/89485"}],"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=89485"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/89485\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/89486"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=89485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=89485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=89485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}