The Technology Development Board (TDB), functioning as a second-level fund manager, has successfully selected 22 deeptech startups under the Research, Development, and Innovation (RDI) Fund. According to an internal document accessed by Business Standard, this represents a significant milestone in India's deeptech ecosystem development, with the government having approved financial support worth ₹2,192 crore specifically for these innovative ventures.
The funding structure reveals that TDB has committed ₹2,192 crore under the RDI Fund specifically for these deeptech startups. As reported by Business Standard, this financial backing demonstrates the government's continued support for innovative technology ventures in strategic sectors, with the government having approved this substantial financial commitment to boost India's deeptech innovation capabilities.
The selected startups are engaged in projects with a combined value of ₹4,744 crore, indicating the substantial scale of innovation being supported. According to the internal document accessed by Business Standard, these projects span across various strategic sectors including space, quantum computing, robotics, electric mobility, biotechnology, healthcare, climate technology and digital technologies. This diversified approach ensures comprehensive coverage of India's deeptech innovation landscape.
Among the largest beneficiaries of the RDI Fund are The ePlane Company (₹285 crore), Ather Energy (₹212 crore), Agnikul Cosmos (₹200 crore), ideaForge (₹151 crore), and Tejas Network (₹250 crore). Other notable beneficiaries include Dhruva Space, Manastu Space, GalaxEye, Astrome, Eyestem, Noccarc, Peptris and REPLUS. As reported by Business Standard, this selection demonstrates TDB's strategic focus on deeptech startups that combine technology with deep domain expertise across multiple high-growth sectors.
