Union Commerce and Industry Minister Piyush Goyal made a revolutionary announcement at IIT Madras' Sangam 2025: India is allocating a second tranche of ₹10,000 crore to support DeepTech innovation.

This is a clear example of the DeepTech ecosystem's potential for expansion. The announcement, which follows the initial fund launched in 2016, was made at Sangam 2025, a flagship event organized by IITMAA and IIT Madras.

Union Finance Minister Nirmala Sitharaman initially announced the current fund, which is a component of the flagship Fund of Funds (FoF), during the Union Budget 2025–2026, with an initial corpus of ₹10,000 crore.

This action demonstrates strong government support for domestic innovation, particularly in fields like artificial intelligence (AI), quantum computing, robotics, and advanced manufacturing, and it furthers India's goal of becoming a global center for DeepTech.

The growth of DeepTech in India has frequently been impeded by high R&D expenses and long gestation periods. This fund seeks to close that gap and support the growth of Indian tech companies.

As Goyal stated, "India's growth story in the coming years will be defined by new technologies." The tech scene in India is only just getting started and as the world's 3rd largest startup ecosystem, the country is now uniquely positioned to lead the next wave of DeepTech innovation. Now is the time to integrate AI, robotics, semiconductors, or quantum technology into your business.