India approves a $1.1B state-backed VC fund to finance high-risk areas like AI and advanced manufacturing, doubling down on an effort that debuted in 2016 (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch:
India approves a $1.1B state-backed VC fund to finance high-risk areas like AI and advanced manufacturing, doubling down on an effort that debuted in 2016  —  India has cleared a $1.1 billion state-backed venture capital program that will channel government money into startups through private investors …

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