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