PM Modi Proposes BRICS Startup Innovation Fund

Prime Minister Narendra Modi has proposed the creation of a BRICS Startup Innovation Fund and a BRICS incubator network to strengthen cooperation among startups, entrepreneurs and investors across member countries. The proposal was made during the 18th BRICS Summit in New Delhi as India pushed innovation and technology-led growth as key priorities.

BRICS Startup Innovation Fund to Support Startups

The proposed BRICS Startup Innovation Fund is aimed at encouraging investment in innovative and scalable businesses across BRICS economies. The initiative could help startups access funding, technology partnerships and international markets while creating stronger connections between entrepreneurs and investors.

Alongside the fund, India has proposed an incubator network to connect startup incubators across BRICS countries and support the development of new businesses.

Innovation at the Centre of India’s BRICS Agenda

Innovation has been a major focus of India’s BRICS chairship in 2026. The country has promoted cooperation in areas including artificial intelligence, digital technology, agriculture, healthcare, supply chains and clean energy.

The BRICS Bharat Innovates Exposition also showcased 37 Indian deep-tech innovators, highlighting technologies and startups with potential for global partnerships and investment.

Focus on Deep Tech and Emerging Technologies

The startup initiative comes at a time when India is rapidly expanding its deep-tech ecosystem. Technologies such as AI, semiconductors, biotechnology, space technology and advanced digital infrastructure are becoming important areas for investment and innovation.

India has also highlighted the importance of protecting access to technology and critical minerals while developing more resilient global supply chains.

What It Means for Indian Startups

For Indian startups, stronger BRICS cooperation could create new opportunities to enter international markets, find investors and build technology partnerships.

The proposed fund and incubator network could also help connect India's growing startup ecosystem with entrepreneurs across other BRICS economies. With the bloc placing greater emphasis on innovation, AI and technology, Indian startups could gain access to a wider platform for scaling their businesses.

India Pushes Innovation-Led Growth

The BRICS Startup Innovation Fund reflects India's broader effort to make innovation a central part of economic cooperation. If implemented effectively, the initiative could strengthen startup financing, encourage cross-border collaboration and support the development of technology-driven businesses across emerging markets.

— Jyoti | Content Creator, BizGossips.com

Disclaimer

This article is based on publicly available reports and official statements. Details of the proposed BRICS Startup Innovation Fund may evolve as member countries discuss and implement the initiative.