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Research, Development and Innovation Fund

Curated news coverage, institutional background, regulatory filings, and investigative reporting across RDU Global.

9 Stories Indexed
Last Updated: Just Now
Verified Entity Intelligence
Startups & Venture Capital Just now (09:13 PM IST)

GalaxEye Secures ₹63.84 Crore RDI Backing for Multisensor Satellite Push

Spacetech startup GalaxEye has received ₹63.84 crore in financial support under the Centre’s Research, Development and Innovation (RDI) Fund, marking a significant policy-backed bet on India’s private space capabilities. The funding is expected to accelerate development of its multisensor satellite technology, a category increasingly viewed as strategically important for earth observation, defence, climate monitoring and commercial analytics.

By RDU Global Wire5 min read
Startups & Venture Capital5h ago

IIT-Madras Deep-Tech Fund Closes First Rs 450 Crore, Backing Frontier Startups in Defence, Space and AI

The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.

5 min readRead →
Startups & Venture Capital3h ago

GalaxEye Secures Rs 63.84 Crore RDI Backing to Advance Indigenous Multisensor Satellite Tech

Bengaluru-based spacetech startup GalaxEye has won Rs 63.84 crore in financial support under the Centre's Research, Development and Innovation Fund to build its next-generation multisensor satellite platform. The project, backed by the Technology Development Board, aims to push the company's indigenous OptoSAR technology from prototype stage to an operational system capable of sub-0.5-metre Earth observation imaging.

5 min readRead →
Startups & Venture Capital5h ago

IITM Unicorn Frontier Fund I Secures Rs 450 Crore First Close, Targets Deep-Tech Breakout in India

The IITM Unicorn Frontier Fund I has reached a Rs 450 crore first close and has already deployed nearly Rs 55 crore into four deep-tech startups spanning space, quantum, batteries and carbon capture. Backed by IIT Madras, IIT Madras Research Park and Unicorn India Ventures, the fund is part of a larger Rs 1,000 crore vehicle designed to bridge the gap between laboratory innovation and commercial scale.

5 min readRead →
Science, Space & Research5h ago

Sitharaman Says AI, Semiconductors and Quantum Tech Are India's Next Big Investment Frontier

India's finance minister Nirmala Sitharaman has called for a major push into artificial intelligence, semiconductors and quantum technology, arguing that the country must invest more aggressively in hardware, skills and institutions to stay competitive. Speaking in Bengaluru, she also pushed back against foreign perceptions that India has "missed the AI bus," saying much of the country's innovation remains underrepresented in public markets despite a growing startup base.

8 min readRead →
National Governance & Policy8h ago

India's Science Ambition Meets Its Hardest Test: Turning Research Into Global Power

A new The Hindu Group e-book, "The Quest to be a Science Superpower: Where India's Research Is and What It Will Take to Get Ahead," argues that India's scientific rise cannot be judged by celebratory milestones alone. While the country has expanded R&D spending, patent filings and STEM talent, the publication says deep structural barriers still prevent research from consistently becoming industrial capability and global influence.

5 min readRead →
Startups & Venture CapitalSept 26, 2026

IIT Madras and Unicorn India Ventures Secure ₹450 Cr for Deeptech Fund

IIT Madras and Unicorn India Ventures have successfully closed their first round of funding at ₹450 crore, aiming to bolster India's deeptech startup ecosystem. This initiative marks a significant step in fostering innovation and entrepreneurship in the technology sector.

4 min readRead →

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Entities frequently referenced alongside Research, Development and Innovation Fund:

GalaxEye(1)New Delhi(1)India(1)