In a strategic move to strengthen India’s innovation-driven economy, the government has expanded the scope of the Startup India Fund of Funds (FoF) under its second phase, FoF 2.0, to include focused support for deep technology (deeptech) and manufacturing startups. This shift signals a broader policy intent to move beyond consumer-focused digital startups and accelerate investments in sectors critical to long-term economic and technological leadership.
The Fund of Funds for Startups (FFS), originally launched in 2016 under the Startup India initiative, was designed to catalyze venture capital investments by providing capital to SEBI-registered Alternative Investment Funds (AIFs). These AIF
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