India’s central government Reseach, Development and Innovation (RDI) Fund picks 19 “second level fund managers” as its first cohort, with total approved commitments of ₹7,131 crore. The scheme is designed as a ₹1 trillion (₹1 lakh crore) central government-backed effort to support research and innovation, including deeptech startups.
Mint and Inc42 report that the first cohort includes 14 alternative investment funds and five research organisations. Inc42 says the fund managers are expected to deploy the approved commitments to back deeptech and innovation-related activity. Mint notes scrutiny around the scheme’s selection process and that commitments of ₹7,131 crore have been approved for this initial set.
Business Line reports the same figure for the initial investment commitment but adds that the names of the selected second level fund managers are not disclosed in its account. Across outlets, the core details align on the number of managers and the initial ₹7,131 crore commitments, while specifics such as identities and the extent of public disclosure vary.
