The Draft National Deep Tech Start-up Policy, 2023

The Draft National Deep Tech Start-up Policy, 2023

The Draft National Deep Tech Start-up Policy, 2023

The Prime Minister's Science, Technology, and Innovation Advisory Council (PM-STIAC) at its 21st meeting on 7 July 2022, recommended the establishment of a national consortium and a working group to develop a comprehensive policy framework for the Indian deep tech startup ecosystem. In response to this recommendation, the draft National Deep Tech Startup Policy (Policy) was released by the national consortium on 31 July 2023 for public consultation and feedback. The draft policy aims to drive innovation and enhance India's global capability and standing by promoting technological growth and productivity. Currently, there are 10,298 startups operating in the deep tech sector in India. However, the existing ecosystem in the country is not adequately equipped to support their growth and development in line with the advancements in cutting-edge technology and engineering disruption.

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