CIIE, Sidbi to set up pre-seed deeptech accelerator fund

IIM Ahmedabad's CIIE.CO and Small Industries Development Bank of India (Sidbi) are in a 50:50 tie-up to set up a pre-seed fund with an INR 40 crore corpus, to nurture early-stage deeptech startups. The entity will also provide resources, mentorship, and financial support to startups trying to push the boundaries of technology.