Finance Minister Nirmala Sitharaman revealed plans to explore the establishment of a Deep Tech Fund of Funds in a bid to fuel innovation and support the growth of next-generation startups. This initiative is aimed at fostering the development of cutting-edge technologies, such as AI, robotics, blockchain, biotech, quantum computing, and more.  

The government also announced the expansion of the Small Industries Development Bank of India (SIDBI) Fund of Funds for Startups (FFS), with an additional Rs 10,000 crore in funding to help startups scale up and drive technological advancements. This move aligns with the government's vision to strengthen India's position in the global tech ecosystem and empower startups to leverage emerging technologies for sustainable growth and innovation.  

Deep tech investments are seen as crucial to addressing some of the world’s most pressing challenges, and with this funding boost, India aims to position itself as a leader in the next wave of technological breakthroughs. The expansion of SIDBI’s FFS will further accelerate the growth of early-stage startups, ensuring they have access to the necessary financial support to reach their full potential.