Launch of India's RDI Scheme and Deep-Tech Fund of Funds

The Government of India has launched the extensive Research, Development and Innovation (RDI) Scheme aimed at bolstering high-risk, high-impact research and development projects, particularly in deep-tech sectors. With a total corpus of ₹1 lakh crore over six years, this initiative is designed to enhance private sector engagement and provide significant funding through the Deep-Tech Fund of Funds. The scheme targets diverse sectors like energy security, artificial intelligence, biotechnology, and digital economy while ensuring transparent, competitive mechanisms for fund management. The initiative is nationwide and supports projects based on demand and impact assessments.

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