India's missing deep-tech ecosystem blocks ₹1 lakh crore RDI funds from reaching startups: PM advisor Neelkanth Mishra
Neelkanth Mishra, a member of the Prime Minister's Economic Advisory Council, stated that India's lack of a deep-tech ecosystem is preventing ₹1 lakh crore in Research, Development and Innovation (RDI) funds from reaching deserving startups. Speaking at an IAMAI event during the launch of the AI Council of India in Mumbai, he highlighted challenges to risk capital access in India, extending those concerns to the disbursal of these substantial RDI funds.
Key quotes
The absence of a deep-tech ecosystem in India hinders attempts to provide the Research, Development and Innovation (RDI) fund worth ₹1 lakh crore to deserving start-ups
Member of the Prime Minister's Economic Advisory Council
Neelkanth Mishra acknowledged the challenges to risk capital access in India, extending the same to the disbursal
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