On National Startup Day, Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Ashwini Vaishnaw, on Friday, highlighted the expansion of India’s deep-tech startup ecosystem driven by focused policy and funding support.
In an X post, he wrote, “Today, 80% of our startups are AI-led. DLI scheme under India Semiconductor Mission has supported 23 startups so far.”
“For institutional funding, $1 billion India Deep Tech Alliance (IDTA) was announced at Semicon India 2025. The Research Development & Innovation Fund, with a corpus of Rs 1 lakh crore, is also strengthening innovation capabilities,” he said.
He also mentioned that 80% of Indian startups today are driven by artificial intelligence. Talking about funding, he said, Rs 1 lakh crore startups are RDI-funded, boosting deeptech innovation.
Earlier today, PM Narendra Modi also spoke about the Indian startup ecosystem at an event to celebrate National Startup Day. He said that the Startup India programme is not just a scheme but a ‘Rainbow Vision’ that aims to connect different sectors with new opportunities.
Addressing entrepreneurs and stakeholders of India’s startup ecosystem, the Prime Minister, on the occasion of National Startup Day, said that for him, the confidence and impression of startups matter more than numbers alone.
He also lauded the risk appetite of India’s startups.