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National Deep Tech Startup Policy

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.