Maharashtra will launch a Rs 200 crore fund to invest in the state’s deep tech startups, which women and socially relevant preferably lead, media reported.

The Maharashtra Innovation and Technology Development Fund will provide Rs 200 crore to early-stage startups in the state, Manisha Verma, chief secretary of the Ministry of Skills, Employment, Entrepreneurship and Innovation, said at a Tiecon event here.

These include the Rs 120 crore Maharashtra Social Venture Fund managed by Small Industries Development Bank of India (Sidbi), the Rs 330 crore Maharashtra Defence and Aerospace Fund and Rs 80 crore funding for entrepreneurs in marginalized communities, managed by IDBI Capital, she said.