SIDBI is partnering IIM Ahmedabad as part of its new initiative "India of Tomorrow" under which it collaborates with different incubators in the country to promote deep technologies and science-led innovation by enabling seed funding to startups in exchange for equity.
The programme focuses on supporting startups with meritorious ideas and technologies important for India’s goals for 2047 to become self-reliant as well as a dominant player in high quality/ high entry barrier products/services.
The partnership would facilitate institutional seed investment in early stage viable and scalable ventures in future.
Sectors aimed to be supported include deep tech, hardware/ product startups, energy, clean tech, pharmaceuticals, biotech, defence innovations, rural, social and industrial technologies, high quality components, chips and other R&D driven startups.
During the program, six start-ups made a presentation on their ideas, methodology and the likely amount of seed capital required for scaling up their operations.
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