**Executive Summary**
On 16 May 2026, the Ministry of Science & Technology announced the operationalization of the Research, Development and Innovation (RDI) Fund Scheme to accelerate private sector participation in deep-tech. The initiative included the signing of agreements for five high-impact projects, the first fund disbursement of ₹50 crore, and the release of a report on India’s "Quantum-Safe Ecosystem." A key upcoming action item is the "Bharat Innovates 2026" global showcase scheduled for June 2026 in Nice, France.
**Key Points / Main Content**
**RDI Fund Scheme and Financial Milestones**
* The RDI Fund aims to transition India toward innovation-driven growth by facilitating private-sector-led R&D in deep-tech.
* The Technology Development Board (TDB) received 124 project proposals worth over ₹25,000 crore, ultimately selecting 22 companies for funding.
* The first electronic fund disbursement of ₹50 crore was released to M/s Eyestem Research Private Limited to commercialize its indigenous cell therapy platform.
**High-Impact Project Agreements**
* **e-TRNL Energy:** Development of advanced Lithium-ion battery cells using patented 3-Dimensional Electrode Architecture (3DEA).
* **Dhruva Space:** Execution of "Project Garud" to create an indigenous, modular 500 kg-class satellite platform for mass production.
* **Eyestem Research:** Advancement of first-in-class cell therapies for incurable diseases, including Age-related Macular Degeneration and Idiopathic Pulmonary Fibrosis.
* **Noccarc Robotics:** Development of the Intelligent Mobile Life Support System (iMLSS), a portable ICU-grade platform with AI-assisted guidance.
* **Endure Air Systems:** Creation of "Project Sabal-200," an indigenous unmanned helicopter platform capable of carrying 200 kg payloads in rugged environments.
**Quantum Technology and National Security**
* India has achieved nearly 1,000 km of its 2,000 km quantum-secure communication target in less than four years under the National Quantum Mission.
* Post-quantum cryptography and quantum-safe infrastructure are designated as essential for long-term national security to protect banking, telecom, and strategic infrastructure.
* The government emphasizes preparedness for the "Q-Day" scenario, where current encryption systems may become vulnerable to quantum computing.
**Strategic Publications and Global Outreach**
* A Status Report Compendium (up to April 2026) was released, detailing TDB’s evaluation mechanisms and funding trends.
* The "Quantum-Safe Ecosystem in India" report was formally launched to guide secure digital infrastructure development.
* Fifteen of the selected startups will participate in "Bharat Innovates 2026" in Nice, France, this June.
**Impact Analysis**
**Startups, MSMEs, and Private Industry**
**Impact**
The RDI initiative shifts the innovation model from independent industry participation to a government-supported ecosystem providing institutional and financial mechanisms for deep-tech.
**Action Required**
Selected companies must meet project development milestones; 15 specific startups must prepare for the global showcase in France in June 2026.
**Technology Development Board (TDB)**
**Impact**
TDB serves as the primary Second Level Fund Manager (SLFM) responsible for operationalizing the initiative, evaluating 124 proposals, and managing fund disbursements.
**Action Required**
TDB must continue its appraisal mechanisms, monitor fund utilization, and sustain efforts toward the commercialization of indigenous technologies across strategic sectors.
**Strategic Sectors (Finance, Telecom, and Governance)**
**Impact**
These sectors face significant cybersecurity risks from emerging quantum computing capabilities that threaten existing cryptographic systems.
**Action Required**
Stakeholders in these sectors must proactively adopt post-quantum cryptography, quantum key distribution, and secure digital infrastructure to mitigate "Q-Day" vulnerabilities.
Key Entities Referenced
Research, Development and Innovation (RDI) Fund: A scheme aimed at accelerating private sector participation in research and development to foster an indigenous deep-tech ecosystem.
Technology Development Board (TDB): The primary implementing body and fund manager under the Department of Science & Technology responsible for operationalizing the RDI Fund.
National Quantum Mission: A strategic initiative focused on developing indigenous capabilities in quantum communication, computing, and materials to ensure technological sovereignty.
Quantum-Safe Ecosystem in India: A key policy report released to guide national preparedness in post-quantum cryptography and secure digital infrastructure.
Dr. Jitendra Singh: Union Minister of State for Science & Technology leading the national strategy for quantum, AI sovereignty, and deep-tech innovation.
Ministry of Science & Technology
Quantum and AI sovereignty, along with
indigenous ecosystems will define India's next-
generation growth: Dr Jitendra Singh
India’s future growth in deep-tech sectors will depend on the
country’s ability to adopt a trusted integrated approach: Dr
Jitendra Singh
"Research, Development and Innovation (RDI) Fund" Scheme
is aimed at accelerating private sector participation in
research and development: Dr Jitendra Singh
“TDB-DST signs Agreements for Five High-Impact RDI
Projects; First Fund Disbursement Released under National
RDI Initiative by Minister Dr Jitendra Singh
Post-Quantum Cryptography and Quantum-Safe
Infrastructure Essential for Long-Term National Security: Dr.
Jitendra Singh
Posted On: 16 MAY 2026 4:11PM by PIB Delhi
Union Minister of State (Independent Charge) for Science & Technology; Earth Sciences and Minister of
State for PMO, Personnel, Public Grievances and Pensions, Department of Atomic Energy and
Department of Space, Dr. Jitendra Singh today said that quantum and Artificial Intelligence (AI)
sovereignty, along with indigenous ecosystems will define India’s next-generation growth.
The Minister said, India’s future growth in deep-tech sectors will depend on the country’s ability to adopt
a trusted integrated approach. And this is precisely what prompted the launch of the “Research,
Development and Innovation (RDI) Fund” Scheme, which is aimed at accelerating private sector
participation in research and development.
Addressing a programme organised by the Technology Development Board (TDB), Department of
Science & Technology, at Dr. Ambedkar International Centre, New Delhi, the Dr Jitendra Singh
highlighted that India is moving towards a new phase of innovation-driven growth through coordinated
initiatives in quantum technologies, deep-tech financing and industry-led research ecosystems.
During the programme, agreements for five projects under the RDI Fund Scheme were signed, the first
electronic fund disbursement under the scheme was released, a compendium on the status report of the
RDI Scheme was launched and a report on “Quantum-Safe Ecosystem in India” was formally released.1. M/s e-TRNL Energy Pvt. Ltd., Maharashtra, signed an agreement for the development and
manufacturing of advanced Lithium-ion battery cells based on its patented 3-Dimensional Electrode
Architecture (3DEA) technology. The project aims to redefine multiple aspects of lithium-ion cell
design and manufacturing, including materials processing, cell architecture, compact automated
manufacturing systems, and cost-efficient battery production, thereby strengthening India’s
domestic battery manufacturing ecosystem.
2. M/s Dhruva Space Private Limited, Hyderabad, Telangana signed an agreement for “Project Garud”
— an indigenous, modular, communication payload-agnostic 500 kg-class satellite platform
designed for mass production and constellation-scale deployment. The project aims to establish
India’s capability in scalable, flat-pack, modular satellite systems that can support resilient
communication networks for strategic, commercial, and scientific applications.
3. M/s Eyestem Research Private Limited, Bengaluru, Karnataka signed an agreement for the
development of first-in-class cell therapies targeting two globally incurable diseases — Geographic
Atrophy associated with Age-related Macular Degeneration and Idiopathic Pulmonary Fibrosis. The
project represents a major advancement in regenerative medicine and indigenous cell therapy
platforms aimed at addressing critical unmet healthcare needs.
4. M/s Noccarc Robotics Pvt. Ltd., Uttar Pradesh, signed an agreement for the development of the
Intelligent Mobile Life Support System (iMLSS), a portable ICU-grade emergency and critical care
platform designed specifically for Indian conditions. The system integrates advanced ventilator
support, patient monitoring, AI-assisted clinical guidance, multilingual voice support, and connected
healthcare capabilities to strengthen emergency and rural healthcare delivery.
5. M/s Endure Air Systems Private Limited, Noida, Uttar Pradesh signed an agreement for “Project
Sabal-200,” an indigenous unmanned helicopter platform capable of carrying payloads exceeding
200 kilograms. Designed for high-altitude and rugged operational environments, the system is
expected to support logistics, disaster response, surveillance, and strategic applications through
advanced propulsion and endurance technologies.
Marking another major milestone under the RDI framework, TDB also carried out the first electronic fund
disbursement under the scheme. As part of the initial tranche release, ₹50 crore was electronically
transferred to M/s Eyestem Research Private Limited to support the advancement and commercialization
of its indigenous cell therapy platform.
A Compendium on the Status Report of Technology Development Board (TDB) as the Second Level Fund
Manager (SLFM) under RDI Scheme till April 2026 was also released during the programme. The
compendium presents the progress achieved by TDB in operationalizing the RDI Fund encompassing
details of proposals received, sector-wise distribution, project evaluation and appraisal mechanisms,
approved projects, funding trends, and the Board’s sustained efforts towards enabling commercialization
of high-impact cutting edge indigenous technologies across strategic sectors.
The publication further highlights the emerging innovation landscape under the RDI initiative by
showcasing projects spanning deep-tech, biotechnology, artificial intelligence, space technologies,
healthcare, energy transition, climate technologies, and digital infrastructure, thereby reflecting the
growing momentum of India’s research-to-commercialization ecosystem.
Highlighting the importance of the RDI initiative, Dr. Jitendra Singh said that the Government, under the
leadership of Prime Minister Shri Narendra Modi, has adopted several out-of-the-box approaches to
strengthen India’s innovation ecosystem and create enabling conditions for private investment in research
and development. He noted that, unlike conventional models where governments expect industry
participation independently, India has adopted a proactive approach by creating institutional and financial
support mechanisms for private-sector-led innovation.The Minister said the initiative reflects the Government’s commitment to creating an ecosystem where
startups, MSMEs and industry can emerge as long-term innovation partners. Referring to the broader
reforms undertaken in sectors such as space and deep technology, he said the Government has consistently
encouraged institutional openness and stakeholder participation. He noted that reforms in the space sector
have demonstrated how strategic policy interventions can unlock innovation and public participation in
advanced technology sectors.
Dr. Jitendra Singh also highlighted the growing significance of quantum technologies and said India is
now among the select group of countries actively investing in quantum communication, quantum
computing, quantum sensing and quantum materials under the National Quantum Mission. He noted that
India had originally set a target of achieving 2,000 km quantum-secure communication capability in eight
years, but the country has already achieved nearly half that target in less than four years, reflecting the
pace of progress under the Mission.
Emphasising the importance of future cybersecurity preparedness, the Minister stated that emerging
quantum computing capabilities may pose significant challenges to existing cryptographic systems
currently used in banking, governance, telecom and strategic infrastructure. He noted that post-quantum
cryptography, quantum key distribution and quantum-safe infrastructure will become critical for long-term
national security and trusted digital governance. He also stressed the need to make technical knowledge
more accessible through digital platforms, AI-enabled outreach tools and simplified communication
formats for innovators and startups.
Principal Scientific Adviser to the Government of India, Prof. Ajay Kumar Sood, described the RDI Fund
as a potentially transformative initiative capable of catalysing large-scale private investment in deep-tech
research and innovation. He highlighted that the implementation of the initiative within a relatively short
time reflects the Government’s commitment to speed and scale in policy execution. Referring to the
release of the “Quantum-Safe Ecosystem in India” report, he said the country must prepare proactively for
the “Q-Day” scenario when current encryption systems could become vulnerable to quantum computing
capabilities. He emphasised the need for national preparedness in post-quantum cryptography, quantum-
safe communication systems and secure digital infrastructure across sectors such as finance, healthcare
and governance.
Secretary, Department of Science & Technology and Chairperson, TDB, Prof. Abhay Karandikar,
highlighted that the RDI initiative represents one of the most significant government interventions aimed
at strengthening private-sector-led R&D in India. He said the implementation process involved extensive
collaboration among experts, investment committees, scientific institutions and industry stakeholders
working voluntarily over several months to operationalise the initiative. He expressed confidence that the
RDI framework would help crowd in private capital investment, strengthen deep-tech innovation and
support the development of globally competitive technologies and startups in the country.
Secretary, TDB, Shri Rajesh Kumar Pathak, highlighted the rapid operationalisation of the RDI initiative
and stated that TDB became the first Second Level Fund Manager to launch project proposal calls, sign
agreements and release funds under the scheme. He informed that the initiative received 124 project
proposals within a short period, representing project demand worth more than ₹25,000 crore. He also
noted that the selected projects span startups, MSMEs and listed companies across sectors including
health, energy, quantum technologies and advanced manufacturing. “The 22 companies selected by TDB
for funding under the Research Development and Innovation (RDI) Fund are some of the best startups in
the country and some of them (15) have been selected through a nationwide search as part of the Bharat
Innovates 2026, a global showcase of India’s Technology Innovation, scheduled to be held in Nice, France
in June,” he added.The programme also included the release of a compendium on the RDI Scheme status report and
discussions on strengthening India’s quantum-safe ecosystem through indigenous innovation, secure
communication systems and collaborative technology development frameworks. The event concluded
with a renewed commitment towards accelerating India’s deep-tech innovation ecosystem in line with the
vision of Atmanirbhar Bharat and Viksit Bharat 2047.
The event was attended by Principal Scientific Adviser to the Government of India, Prof. Ajay Kumar
Sood; Secretary, Department of Science & Technology and Chairperson, TDB, Prof. Abhay Karandikar;
Secretary, TDB, Shri Rajesh Kumar Pathak; senior officials, members of the TDB Board, investment
committee members and representatives from industry, Startups and research institutions.*****
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