India, April 13 -- Department for Promotion of Industry and Internal Trade (DPIIT) has officially notified the second iteration of the Startup India Fund of Funds (FoF) with a total corpus of Rs.10,000 Cr a couple of months after the Union Cabinet approved the same. 

The Startup India FoF 2.0 has come into force from today (April 13) and disbursals to alternative investment funds (AIFs) will be spread over the 16th and 17th finance commission cycles.

The DPIIT has expanded the scope of the Startup India FoF by enhancing its coverage to the following segments: 

AIFs supporting deeptech startups engaged in developing novel solutions addressing complex problems that involve longer R&D cycle and higher costs. 

Micro VCs sup...