Archive · 2 Feb 2026
TiE Mumbai Praises Union Budget for Startup Growth
TiE Mumbai, a group that helps new businesses, is happy with the new Union Budget.
The budget gives a lot of money to help new companies and small businesses grow.
It gives ₹10,000 crore to SIDBI, ₹2,000 crore for research and development, and another ₹2,000 crore for a special fund for startups.
There's also ₹10,000 crore for small and medium-sized businesses.
TiE Mumbai thinks this will help India become a leader in new technology and innovation.
They believe that everyone working together—government, business leaders, investors, and entrepreneurs—can make these plans successful.
TiE Mumbai is part of a bigger group called TiE, which has chapters all over the world and helps new entrepreneurs through mentorship, networking, and funding.
TiE Mumbai welcomed the Union Budget for its focus on innovation and startup growth.
The budget allocates ₹10,000 crore to SIDBI, ₹2,000 crore to RDI, and ₹2,000 crore to the Startup India Fund of Funds.
An additional ₹10,000 crore growth fund is proposed for SMEs to address the scale-up capital gap.
TiE Mumbai believes the budget reinforces India's ambition to become a global innovation powerhouse.
TiE Mumbai emphasizes the need for collaboration between policymakers, industry leaders, investors, and entrepreneurs to achieve these goals.
- Who
- TiE Mumbai, a chapter of The Indus Entrepreneurs
- What
- Welcomed the Union Budget for its focus on innovation and startup growth
- When
- February 2, 2024
- Where
- Mumbai, Maharashtra, India
- Why
- To accelerate innovation-led growth and strengthen early-stage capital availability for startups and SMEs
- Organization
- TiE Mumbai
- Budget Allocation to SIDBI
- ₹10,000 crore
- Commitment to RDI
- ₹2,000 crore
- Startup India Fund of Funds
- ₹2,000 crore
- Growth Fund for SMEs
- ₹10,000 crore
- TiE Mumbai's Role
- Supporting entrepreneurs through mentorship, networking, and funding
- TiE's Global Presence
- 60 chapters across 17 countries
- TiE's Membership
- 11,000 members, including 2,500 charter members