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India launches $1.2B startup fund to boost deep tech and innovation.
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.
Managed by the DPIIT, the scheme will initially be run by SIDBI, with plans to add another partner.
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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India lanza un fondo de inicio de $ 1.2B para impulsar la tecnología profunda y la innovación.