India doubles state-backed venture capital, approves $1.1 billion fund | TechCrunch

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India has approved a $1.1 billion state-backed venture capital program that will channel government money to startups through private investors, doubling its efforts to fund high-risk areas such as artificial intelligence, advanced manufacturing and other sectors the industry generally refers to as deep technology. The ₹100 billion fund, first outlined in India’s finance minister’s January … Read more

India has changed its startup rules for deep tech | TechCrunch

India has changed its startup rules for deep tech | TechCrunch

Deep tech startups in sectors such as space, semiconductors and biotech take much longer to mature than conventional businesses. Because of this, India is tweaking its startup rules and mobilizing public capital in hopes of helping more of it get to commercial products. This week, the Indian government updated its startup framework, doubling the time … Read more