Investments in artificial intelligence (AI) and deep tech sectors are gaining strong momentum in India, with AI's share in venture capital (VC) funding rising to about 12 per cent from under 5 per cent in 2020, according to a report by India Deep Tech Alliance.
The Fund of Funds for Startups is implemented by the Small Industries Development Bank of India (SIDBI) and invests in SEBI-registered Alternative Investment Funds, which in turn deploy capital into eligible startups.
Prime Minister Narendra Modi will inaugurate the Emerging Science and Technology Innovation Conclave (ESTIC) 2025 at Bharat Mandapam here in the national capital on Monday morning, Prime Minister's Office said in a statement.