UIDAI plans fund to back Aadhaar-focused Tech startups

The Unique Identification Authority of India (UIDAI) is exploring the establishment of a fund to support seed-stage startups developing innovative solutions around Aadhaar, and its associated use cases. The fund is planned as a direct investment vehicle, focusing on seed capital investments.The UIDAI intends to partner with innovative fintech companies by creating a sandbox environment for them to test their solutions. The corpus of the fund and its timelines have not yet been finalized.