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flag India launches $1.2B startup fund to boost deep tech and innovation.

flag The Indian government has released guidelines for a Rs 10,000 crore startup fund designed to channel money into venture capital firms, which will then invest in Indian startups. flag Managed by the DPIIT, the scheme will initially be run by SIDBI, with plans to add another partner. flag The fund aims to boost private investment and innovation, focusing on deep tech and manufacturing while requiring private firms to co-invest.

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