ScienceINVESTApproved
RDIF approves 19 fund managers with ₹7,131 crore commitment under RDI scheme
New Delhi, Delhi· company base8 Oct 2026
India’s Research, Development and Innovation Fund (RDIF) approved its first cohort of 19 second-level fund managers—14 Alternative Investment Funds and five Focused Research Organisations—with a total government commitment of ₹7,131 crore, according to a Department of Science and Technology statement. The Empowered Group of Secretaries approved the cohort at a meeting held on 2026-10-08; the government has not released the list of selected fund managers in the article.
Why it matters
This commits public capital into an intermediary funding structure intended to mobilise additional private investment for deeptech R&D and technology enterprises (TRL 4 and above), potentially increasing available risk capital for development and commercialisation in India.
Research, Development and Innovation Fund (RDIF)Department of Science and Technology (DST)Anusandhan National Research Foundation (ANRF)Empowered Group of Secretaries (EGoS)