Alternate Investment Funds (AIFs) are urging the government to increase allocations for investments in new-age and deep-tech startups to foster innovation. In a meeting with the Department for Promotion of Industry and Internal Trade (DPIIT), AIFs requested a boost in funding under the Fund of Funds for Startups (FFS) initiative, crucial for startup financing since 2016. They discussed enhancing capital flow to smaller cities and extending the FFS lifecycle beyond its current 12 years. AIFs advocate for specialized funds to support sectors driven by modern technologies.