India, Japan Eye Deep-Tech Push as Goyal Proposes $1-Billion Startup Fund
What Happened
At the India-Japan Startup Roundtable in Tokyo, Commerce Minister Piyush Goyal proposed stronger cooperation in startups and deep technology, including a Japan-India Deep-Tech Capital Corridor, joint startup pitching platforms, and a proposed $1-billion second Fund of Funds focused on deep-tech enterprises. He invited Japanese investors to participate in funding India's growing innovation ecosystem.
Key Takeaways
India and Japan are looking to combine India's large startup ecosystem and engineering talent with Japan's patient capital and advanced technology expertise, aiming to accelerate innovation, investment and commercialization of deep-tech ventures.