The Bharat Innovation Fund (BIF) is a $100 million fund that is focused on investing in deeptech startups in India. The fund is backed by the government of India, the Manipal Group, and the Indian Institute of Technology Bombay.
The BIF was launched in 2022 with the aim of supporting the development and growth of deeptech startups in India. The fund will invest in startups that are developing innovative technologies in areas such as artificial intelligence, machine learning, quantum computing, and robotics.
The BIF will also provide startups with mentorship and support services. The fund will work with startups to help them to develop their products and services, to raise additional capital, and to scale their businesses.
The BIF is a significant development for the Indian deeptech ecosystem. The fund will provide much-needed capital and support to startups that are developing innovative technologies. The BIF will also help to create a more vibrant deeptech ecosystem in India.
Here are some of the benefits of the Bharat Innovation Fund:
- Increased funding: The BIF will provide much-needed funding to deeptech startups in India.
- Enhanced mentorship: The BIF will provide deeptech startups with mentorship from experienced professionals.
- Improved access to networks: The BIF will help deeptech startups to connect with other startups, investors, and partners.
- Increased visibility: The BIF will help deeptech startups to gain visibility and attract attention from investors and partners.
- Accelerated growth: The BIF will help deeptech startups to accelerate their growth by providing them with capital, mentorship, and support.
The Bharat Innovation Fund is a significant development for the Indian deeptech ecosystem. The fund will provide much-needed capital and support to startups that are developing innovative technologies. The BIF will also help to create a more vibrant deeptech ecosystem in India.