Government Launches ₹10,000 Crore Startup India FoF 2.0 to Boost Deep Tech and Manufacturing

To further energize the nation's entrepreneurial ecosystem, the Indian government has announced the launch of the Startup India Fund of Funds (FoF) 2.0, armed with a substantial corpus of ₹10,000 crore. This ambitious initiative is specifically targeted at strengthening startups in the deep tech and manufacturing sectors, areas identified as crucial for India's future economic dominance. By investing in SEBI-registered Alternative Investment Funds (AIFs), the FoF 2.0 aims to bridge the critical funding gap for early and growth-stage companies. The scheme is expected to catalyze innovation, support high-risk technological research, and foster a robust domestic manufacturing base. Industry leaders have welcomed the announcement, noting that deep tech innovations require patient capital and sustained support. This strategic investment by the government is poised to accelerate technological breakthroughs in artificial intelligence, robotics, and advanced manufacturing, firmly positioning India as a prominent global startup hub.