{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"India Tech Report","title":"The power of eight: US and desi VCs team up for $1 billion India deep tech alliance","html":"","width":"100%","height":180,"duration":392,"description":"Daily brief on deep tech and climate tech news from India and around the world.India’s Prime Minister Narendra Modi and Electronics and IT Minister Ashwini Vaishnav with the first made-in-India semiconductor chips, at the Semicon India 2025 meet in New Delhi.First Made-in-India chips as semiconductor mission acceleratesPrime Minister Narendra Modi received India’s first homegrown semiconductor chips at the opening of the Semicon India 2025 conference in New Delhi yesterday, marking rapid progress in the nation’s semiconductor mission, according to a government press release.Multiple MoUs were signed at the meet to boost manufacturing, skills, and innovation, according to the release. The government’s push includes talent development, global partnerships, and deep tech investment, positioning India as a future global leader in semiconductors.Listen to the podcastUS and Indian VCs unite for $1 billion deep tech alliance in IndiaEight leading venture firms from the US and India have launched a $1 billion alliance to support India’s deep tech startups, pledging long-term capital and mentorship, according to multiple reports. The coalition will work with the Indian government to leverage new incentives, boost innovation, and strengthen cross-border tech ties despite ongoing geopolitical tensions.Called the India Deep Tech Investment Alliance, the group brings together Celesta Capital, Accel, Blume Ventures, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts, TechCrunch reports, citing a joint statement from the firms. Each member will commit private capital over a 5-10-year period to India-domiciled deep tech startups, according to TechCrunch.WisdomTree debuts quantum ETF as sector nears viability WisdomTree, a New York based global asset manager, has launched a Quantum Computing UCITS ETF as quantum information processing approaches commercial viability. The ETF allows investors broad access to quantum hardware and software...","thumbnail_url":"https://img.transistorcdn.com/klwtZi6_OVxR1RQx-EUqBBLq9JNmkk2p0xt3ov7-eeg/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9kYjRi/MTNkNDVhMTVlOThm/MDM4ZmVlYjFmZGNl/OGFiNy5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}