The Indian government proposes to introduce a slew of reforms and another fund to boost startups that are focused on priority areas such as rural healthcare, water and waste management, clean energy solutions, cyber security and drones. The Department for Promotion of Industry and Internal Trade (DPIIT) plans to set up an India Startup Fund with an initial amount of Rs 1,000 crore($150 million). The government wants to offer seed funds for high-tech, cutting edge startups. The proposal is to provide seed funds to 5,000 startups in priority areas. 

The dedicated fund, proposed in the department's 100-day Action Plan, is separate from the Fund of Funds for Startups (FFS), which was set up in 2016 under the Small Industries Development Bank of India. 

To boost startups, DPIIT has recommended regulatory changes aimed at promoting venture capital and angel investments, especially from Indian investors. 

Besides, the government has pitched to treat outsourced R&D efforts on par with in-house R&D for incentivization purposes and easier movement of researchers between academia, public research institutions, entrepreneurship and industry.