A commitment to improving India’s technological capacity is reflected in the government’s plan to develop a Deeptech Fund of Funds. With the creation of this innovative funding provision, India will be able to support some of the world’s best breakthroughs across a wide range of emerging technologies. The PM Research Fellowship Scheme under which 10,000 fellowships will be provided, especially to IITs and the IISc, is a smart move to enhance the nature of research in India. Committing to nurturing tech talent by offering scholarships over the next five years will foster a new generation of researchers and innovators. The combination of subsidizing the fund for financial support and the fellowships for human capital advancement for the nation puts India in a strong position in the world technology market.

Kishor Fogla, Founder, Yellow Slice

The creation of a separate Deeptech Fund of Funds is a game-changer for India’s technology sector development. This will spur investment into critical areas like AI, quantum computing, and advanced materials. The decision to grant 10,000 fellowships at IITs, IISCs, and other premier institutions shows an appreciation of the research ecosystem. The program funding scholarship for five years will ensure continuous development of technological expertise. This mix of institutional research support and individual funding is the right recipe for fostering technological development and improving India’s position in the global technology market.

Hariom Seth, Founder, Tagglabs

Without a doubt, the budget’s focus on deeptech funding through the specialized Fund of Funds illustrates a deeper requirement of this sphere. This initiative will specifically target the financing of the high-risk – high return investments into new technologies. The promised 10,000 fellowships to be provided at the IITs and the IISc under the PM Research Fellowship Scheme is an encouraging sign in terms of advanced technology research. The five year scholarship scheme will ensure a consistent & reliable supply of tech innovators. These actions pinpoint the blended investment model of strengthening the technology base of India by providing support at the institutional level as well as nurturing talent at the individual level.

Saurabh Tyagi, Co-Founder and CEO, PropChk

The setting up of a Specialized Deeptech Fund of Funds is going to be a significant landmark for technology in India. This development will spur investments in artificial intelligence, quantum computing, and other high value areas. The proposal for 10,000 fellowships at prestigious institutions, including IITs and IISc, shows a complete appreciation of the research ecosystem’s needs. This scholarship will provide sustained growth in India’s technological skill set over the five years. Such institutional support coupled with individual research funding forms a powerful strategy for fostering technological advancements and ensuring that India remains competitive in the global technology market.