Commerce and Industry Minister Piyush Goyal on Friday said the government has readied draft guidelines for the second Rs 10,000 crore Fund of Funds for Startups, with a clear focus on deeptech segments such as artificial intelligence, quantum technologies, aerospace and defence.
Speaking on the 10th anniversary of the government's Startup India programme, Goyal said the proposed fund of funds is expected to be operationalised within this year.
The minister said a dedicated deeptech policy is under active consideration, though it is yet to take its final shape.
Goyal also said the government is exploring the creation of a new pathway for startups under the Export Promotion Mission, aimed at helping young companies access global markets and integrate into international value chains. The move is expected to complement existing export incentives by tailoring support to the unique needs of startups, particularly those operating in high-technology domains.
The commerce minister added that the government remains in continuous dialogue with the Ministry of Finance on a range of suggestions to further boost the startup ecosystem, including easing access to capital, improving regulatory clarity and strengthening.
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