AI Impact Summit 2026 has just kicked off in India and will be running till February 20. The five day event is being held at Bharat Mandapam in New Delhi and renowned Tech companies, researchers, AI founders, startup and many more are participating. The Union Cabinet has authorised the Startup India Fund of Funds 2.0, which has a total of Rs 10,000 crore, during the event that is still going on.
The goal of the said initiative is to get venture capital moving, improve the venture capital ecosystem, and encourage innovation-driven entrepreneurship across the country. Startup India FoF 2.0 is a part of the Startup India project that aims to make India more favourable for startups. India’s startup ecosystem has grown a lot since 2016, going from less than 500 recognised firms to more than 200,000.
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Startup India FoF 2.0 is based on the success of Fund of Funds for Startups (FFS 1.0), which started in 2016 to cover funding gaps and boost the local venture capital market. FFS 1.0 gave Rs. 10,000 crore to 145 Alternative Investment Funds (AIFs). These AIFs have since invested more than Rs 25,500 crore in over 1,370 startups in a wide range of fields, such as agriculture, AI, robotics, and healthcare. It helped first-time founders a lot, brought in private cash, and set up a strong venture capital base in India.
Startup India FoF 2.0 intends to improve Indian innovation by focusing on deep tech and tech-driven manufacturing, helping founders in the early stages of growth, encouraging national investment, putting in high-risk capital gaps, and strengthening the domestic venture capital base, especially for smaller funds.
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Startup India Fund of Funds 2.0 is expected to have a big impact on India’s economic growth by encouraging growth through innovation. The goal is to help startups make technologies that are competitive, improve manufacturing, and create good jobs. This will make India a global center for innovation.
