National Deep Tech Startup Policy:
The National Deep Tech Startup Policy (NDTSP) draft has been released for public consultation by the National Consortium.
- Aim of the policy is to strengthen the Indian deep tech startup ecosystem and address its unique challenges.
- Deep Tech refers to advanced and cutting-edge technologies that are based on significant scientific and engineering innovations.
- Artificial Intelligence (AI) and Machine Learning (ML) are examples of Deep Tech.
- They involve the development of sophisticated algorithms and models that enable machines to learn from data and make intelligent decisions.
- India currently boasts the third largest startup ecosystem in the world with more than 326 incubators and accelerators. About 14% of them are in the area of Deep Tech.
National Consortium:
- The National Consortium is an apex-level body set up on the recommendation of the Prime Minister’s Science, Technology, and Innovation Advisory Council (PM-STIAC) to propose a comprehensive policy framework for the Indian deep tech startup ecosystem.
- Chaired by the Principal Scientific Adviser to the Government of India, it represents a diverse group of stakeholders, including high-level representatives from various government departments, industry associations, research institutions, and innovation centres.
