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<h1>Research and Development fund to catalyse private sector innovation, initiating deep tech support and strategic autonomy.</h1> Allocation of a dedicated corpus to the Department of Science and Technology establishes a government backed Research and Development Fund to spur private sector-led innovation in deep tech and sunrise sectors, with the DST as the nodal ministry and exploration of a Deep Tech Fund of Funds to catalyse start ups; the initiative aims to kickstart the larger fund and address low private R&D spending despite existing incentives.