India Bets Big on AI: ₹10,000 Cr Startup Fund Targets New-Age Tech

🧠 India Bets Big on AI: ₹10,000 Cr Startup Fund Targets New-Age Tech 🚀

The Indian government has unveiled a game-changing move for the nation’s innovation ecosystem! A substantial portion of the freshly announced ₹10,000 crore Fund of Funds Scheme (FFS) will be funneled into the next-gen sectors like Artificial Intelligence (AI), machine building, and new-age tech – a clear signal that India is doubling down on future-forward industries. 💡🇮🇳

🔍 What’s New in This Fund?

📢 As per top officials from the Commerce and Industry Ministry, the government is all set to prioritize funding for startups focused on:

• 🤖 Artificial Intelligence (AI)

• 🏭 Machine Building

• 📲 New-Age Technologies

This is part of the revamped FFS initiative announced in the Union Budget, aimed at empowering innovation and encouraging VC participation in high-growth, tech-heavy sectors.

🏦 Who Will Manage It?

The scheme will be managed by SIDBI (Small Industries Development Bank of India), just like the 2016 version. SIDBI will fund SEBI-registered Alternative Investment Funds (AIFs), which will then invest in promising Indian startups. 📈

🏁 Quick Glance at Startup India’s Growth:

✨ Launched: January 16, 2016
🌐 Recognized Startups: 1,50,000+ across 55+ sectors
🎯 Benefits: Tax exemptions, regulatory reliefs, and global investor confidence

🌱 What This Means for Indian Founders

If you’re a startup in:

• 🤖 AI & ML

• 🛠️ Advanced Manufacturing

• 🔬 DeepTech
  👉 Now is the time to shine! This fund offers fuel for your dreams, provided you’re aligned with the Startup India recognition guidelines.

📞 Ready to Ride the AI Wave? Let Dhan Tax Help You Get Fund-Ready! 💼

📧 Email: info@dhantax.com
📱 Call: +91 7678456921
🌐 Visit: www.dhantax.com