Alternative Investment Funds (AIFs) under the government’s Fund of Funds Scheme (FFS) are advocating for a dedicated support window for deep-tech startups. During discussions with the Department for Promotion of Industry and Internal Trade (DPIIT), the 75 AIFs requested an increase in FFS funding and an extension of its duration, which currently spans the 14th and 15th Finance Commission cycles. Deep-tech startups, characterized by their reliance on scientific advancements, require significant capital and time to mature. The government is also contemplating a specific Deep Tech Startup Policy to enhance funding guidance for these ventures.

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