India is launching a Rs 1 lakh crore (approximately $11 billion) Research, Development and Innovation Fund (RDIF), structured as a 50-year risk capital pool. Modeled after global sovereign funds, RDIF aims to support deeptech and science-heavy innovation, an area with less venture funding. The fund will operate with limited government intervention, using a two-tier structure involving a special purpose fund and private fund managers to invest in startups and tech companies, preventing intellectual property from moving overseas.