Govt launches Rs 10,000 crore ‘Startup India FoF 2.0’ to boost innovation ecosystem
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The Indian government has launched the Startup India Fund of Funds 2.0, a Rs 10,000 crore initiative to boost the innovation ecosystem. The fund will provide venture and growth capital to startups across the country, with a focus on deep technology, early growth-stage startups, and technology-driven manufacturing ventures.
The Indian government has launched the Startup India Fund of Funds 2.0. The Rs 10,000 crore corpus will be deployed through commitments to eligible Alternative Investment Funds. The fund will prioritize investments in deep technology, early growth-stage startups, and technology-driven manufacturing ventures. A Venture Capital Investment Committee will oversee the screening process. The Small Industries Development Bank of India will operationalize the scheme. The government expects the initiative to deepen capital access for startups.
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