TiE Mumbai Welcomes the Union Budget’s Strong Push for Innovation, Deep-Tech and Startup Growth

TiE (The Indus Entrepreneurs) Mumbai has welcomed the Union Budget, describing it as a forward-looking and confidence-building roadmap for India’s startup and innovation ecosystem. The Budget underscores the government’s intent to accelerate innovation-led growth, strengthen early-stage capital availability, and bridge the critical scale-up funding gap for startups and
SMEs.

Commenting on the Budget, Dr. Apoorva Ranjan Sharma, President, TiE Mumbai said, “The Union Budget sends a strong and reassuring signal to India’s startup ecosystem, particularly for innovation-led and deep-tech ventures. The ₹10,000 crore allocation to SIDBI, the ₹2,000 crore commitment towards Research, Development and Innovation (RDI), and an additional ₹2,000 crore for the Startup India Fund of Funds together reflect a clear intent to strengthen early-stage capital and research-driven entrepreneurship. The proposed ₹10,000 crore growth fund for SMEs is especially encouraging, as it addresses the long-standing scale-up capital gap. By placing RDI at the core of its growth strategy, the government is laying the foundation for a robust deep-tech culture and the creation of a ‘DeepTech Valley’ in India — where innovation, research and commercialization can thrive in tandem. This Budget reinforces India’s ambition to move from being a startup nation to a global innovation powerhouse.”
TiE Mumbai believes that sustained collaboration between policymakers, industry leaders, investors, and the entrepreneurial community will be crucial to translating these policy initiatives into measurable outcomes. With a strong emphasis on innovation, research, and scale, the Union Budget sets the stage for India’s next phase of economic growth — driven by technology, talent, and globally competitive enterprises.