India doubles down on state-backed venture capital, approving $1.1B fund | TechCrunch
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India has approved a $1.1 billion state-backed venture capital initiative aimed at funding startups via private investors. This program is designed to boost innovation in high-risk sectors and enhance the country’s startup ecosystem. The move signals a significant commitment to fostering entrepreneurship and economic growth in India.
India Approves $1.1 Billion State-Backed Venture Capital Fund
The Indian government has approved a $1.1 billion venture capital program aimed at promoting innovation and entrepreneurship. This initiative will allocate government funds to startups by partnering with private investors.
The fund will be managed by the National Investment and Infrastructure Fund (NIIF), designed to attract private capital alongside public funding. This public-private partnership model is expected to draw interest from both domestic and international investors.
The approval of this fund aligns with Prime Minister Narendra Modi's economic agenda to enhance the startup ecosystem, which has seen record investments in recent years. The initiative is also expected to create job opportunities and encourage innovation.
Industry experts view the program as a timely intervention, with stakeholders monitoring its impact on startup growth and investment trends.
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📰 Original Source: https://techcrunch.com/2026/02/14/india-doubles-down-on-state-backed-venture-capital-approving-1-1b-fund/
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