India, June 3 -- As India strides toward a knowledge-driven economy, the newly launched Research and Development Infrastructure (RDI) Fund is a promising step toward transforming the nation's innovation landscape. Under the visionary leadership of Prime Minister Narendra Modi, AI is no longer just "Artificial Intelligence" but also "Atmanirbhar India." The RDI Fund, aimed at strengthening India's R&D backbone, has drawn praise from fund managers, incubators, and policy experts.
Yet, beneath the optimism lies a crucial truth: capital alone cannot sustain innovation. India's experience over the past decade - particularly in deep-tech - has shown that simply injecting funds into start-ups without building the necessary ecosystem is ineffectiv...