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India allocates ₹10,000 crore to support startups in tech and AI, boosting innovation and entrepreneurship.
The Indian government plans to allocate a major portion of the new ₹10,000 crore Fund of Funds Scheme (FFS) to support startups in sectors like artificial intelligence, new technology, and machine building.
This follows a similar scheme launched in 2016, both managed by the Small Industries Development Bank of India (SIDBI).
Over 150,000 entities have been recognized as startups since the Startup India initiative began, benefiting from tax and non-tax incentives.
The fund aims to bolster innovation and entrepreneurship in high-tech areas.
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India asigna 10.000 millones de coronas para apoyar a startups en tecnología e IA, impulsando la innovación y el emprendimiento.