Budget 2025: Fund of funds for deeptech on the cards

In an attempt to promote innovation and establish India as a global leader in deeptech, the government has announced that it will explore a dedicated fund of funds (FoF) for the next-generation startups. The Budget also proposed a Rs 20,000-crore investment to drive private sector-led research, development and innovation. This comes at a time when there is a growing demand for advanced technologies such as generative artificial intelligence (GenAI), quantum computing, blockchain, robotics, among others.