<ul data-eligibleForWebStory="false"><li>Union Minister Piyush Goyal announced a second tranche of INR 10,000 Cr under the government's 'Fund of Funds' to support India's deep tech ecosystem at the IIT Madras global summit, 'Sangam 2025'.</li><li>The fund aims to promote innovation, absorption of newer technologies, and development of contemporary fields, with guidelines being finalized to support the entire technology lifecycle, not just startups.</li><li>Goyal highlighted the government's focus on indigenous innovation driven by cost advantages, citing India's lower costs compared to countries like Switzerland or America, and emphasized emerging technologies like AI and data analytics.</li><li>Sangam 2025 also featured a pitch fest for deep tech and AI startups, with selected startups receiving institutional support from the IIT Madras Innovation Ecosystem, and key speakers included industry leaders like Aparna Chennapragada and Srinivas Narayanan.</li></ul>

Piyush Goyal Announces Second Tranche of INR 10,000 Cr Deep Tech Fund

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