The Technology Development Board (TDB) has begun disbursing the first tranche of India’s Rs 1 lakh crore Research and Development Initiative (RDI) fund, aimed at accelerating deeptech innovation with minimal government interference. TDB expects to release Rs 500–600 crore this fiscal year through investments sized from Rs 3 crore to Rs 100–150 crore per project. It has selected 22 projects so far across drones, spacetech, advanced batteries and biotech, including Rs 50 crore for indigenous cell therapies and Rs 105 crore for a modular satellite platform.
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