Andhra Pradesh and SIDBI Set Up Angel Fund for Deep-Tech Startups
Andhra Pradesh has partnered with SIDBI (Small Industries Development Bank of India) to launch an angel fund for deep-tech startups. The fund will operate through the state's Ratan Tata Innovation Hub and target emerging-technology startups in Artificial Intelligence, electronics, quantum technology and clean tech. It aims to provide early-stage capital and help Indian deep-tech startups scale globally.
Key Facts & Details
9 points- 1Andhra Pradesh and SIDBI launch angel fund for deep-tech startups
- 2Operates via Ratan Tata Innovation Hub
- 3Target sectors: AI, electronics, quantum technologies, clean tech
- 4Provides early-stage capital for deep-tech ventures
Deep Dive
- +SIDBI was set up in 1990 under the SIDBI Act, 1989, headquartered in Lucknow
- +SIDBI is the principal financial institution for MSMEs in India
- +Fund of Funds for Startups (FFS), launched 2016, is operated by SIDBI with ₹10,000 crore corpus
- +Startup India scheme was launched on 16 January 2016
- +DPIIT (Department for Promotion of Industry and Internal Trade) recognises startups
Exam Focus
Likely MCQ: SIDBI is headquartered in which city? → Answer: Lucknow
Related Topics
Exam Relevance & Angle
MSME finance, SIDBI, Startup India and angel funding are core topics for Banking, SSC and UPSC exams.
Target Exams
Background & Context
SIDBI (Small Industries Development Bank of India) was established in 1990 under the SIDBI Act, 1989, with its headquarters in Lucknow, Uttar Pradesh. It is the principal financial institution for the promotion, financing and development of the MSME sector in India.
SIDBI's flagship initiatives include:
• Fund of Funds for Startups (FFS) — ₹10,000 crore corpus, set up in 2016
• SIDBI Make in India Soft Loan Fund (SMILE)
• Startup India Seed Fund Scheme support
Startup India was launched on 16 January 2016. Startups recognised by DPIIT (Department for Promotion of Industry and Internal Trade) get tax benefits, easier compliance and access to government funds.
Angel funds are a category of Alternative Investment Fund (AIF) under SEBI (AIF) Regulations, 2012 that invest in early-stage startups. Deep-tech startups are those founded on substantial scientific or engineering breakthroughs (AI, quantum, biotech, robotics).
Related GK Concepts
Must KnowTest Yourself
1 / 3SIDBI (Small Industries Development Bank of India) is headquartered in which city?
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