India, July 19 -- Better late than never - a sentiment blazing across the Indian deeptech ecosystem - and at the centre of the cacophony lies the much-hailed INR 1 Lakh Cr corpus announced by the finance minister in the Union Budget 2024 to fuel research and development in sunrise sectors.

More than a year and hordes of missed memos later, the fund has finally managed to receive approval from the Union cabinet under the Centre's Research Development and Innovation (RDI) scheme earlier this month.

With this, the deeptech ecosystem has breathed a sigh of relief, at least from the looks of it. However, behind closed doors, VCs and startups are famished for clarity.

How will the allocation take place? What guidelines will the Centre introd...