Centre launches Rs 10,000 crore startup support scheme targeting deep tech

The government is going to launch the second round of financial support to start-ups with a ₹10,000 crore fund of funds to mobile venture capital and back tech-driven innovative manufacturing start-ups, deep tech and early-growth stage enterprises.

This was the second part of the fund of funds (FoF) scheme under the Start-up India initiative. The first was established in 2016 when the government constituted a FoF worth ₹10,000 crore to provide seed capital.