Deep Technology refers to innovations founded on advanced scientific and technological breakthroughs. Due to their disruptive nature, they have the potential to solve India’s most pressing societal issues. The Draft National Deep Tech Startup Policy (NDTSP) is strategically formulated to stimulate innovation, spur economic growth, and promote societal development through the effective utilization of deep tech research-driven innovations. This initiative centralizes on bolstering deep tech startups, thereby solidifying India's financial stability and stimulating the transition towards a knowledge-centric economy, consequently augmenting India’s overall productivity.
NDTSP aims to harness the transformative potential of technological advancement across diverse sectors, serving as a catalyst to stimulate ripple effects throughout the economy and laying the groundwork for new industry creation. This policy aims to significantly strengthen India's capabilities and enhance global competitiveness.
The National Deep Tech Startup Policy (NDTSP) aims to address the challenges confronting deep tech startups through definitive policy interventions to create a conducive ecosystem. Acknowledging the key significance of deep technology in propelling innovation, economic growth, and societal development, the NDTSP lays the foundation for India's emerging Deep Tech Startup ecosystem.
Ensuring the Security of India's Economic Future
Facilitating a Seamless Transition to a Knowledge-Driven Economy
Bolstering National Capability and Sovereignty through the Atmanirbhar Bharat Imperative
Fostering Ethical Innovation.
The National Deep Tech Startup Policy (NDTSP) strives to drive innovation, economic growth, and societal development through the utilization of advanced research-based deep tech inventions. NDTSP will support deep tech startups and secure India's financial future, progress towards a knowledge-driven economy, and bolster productivity. NDTSP also aims to unleash the power of technological growth in all sectors, catalyse multiplier effects and create new industries for enhancing India’s capability and global competitiveness.
Strengthen the Research and Innovation ecosystem leading to scientific breakthroughs and technological advancements, boosting India’s knowledge-driven economy.
Bolster the Indian Intellectual Property regime and make it competitive for international deep tech startups to establish and operate their entities in India
Facilitate access to diverse sources of capital via specialized funding programs, increased venture capital investments and tailored government financial support avenues.
Enable Infrastructure and resource sharing with academic institutions, R&D laboratories, and large manufacturing corporations for faster product development.
Create a conducive regulatory environment for innovation to thrive by using streamlined frameworks, laying out clear regulatory requirements and introducing exemptions and incentives.
Attract and retain the finest human capital for sustained superior deep tech innovations keeping equity, diversity and inclusion as the core tenets.
Promote public and private adoption of indigenous deep technologies through favourable procurement rules and innovative adoption mechanisms and tap into global markets for Indian deep tech products.
Interlink with the priorities of existing national policies and missions to ensure India’s position in the global deep tech value chain.
Facilitate the sustenance of deep tech startups by helping them overcome the Valley of Death (VoD) phase through targeted solutions addressing funding limitations, resource constraints, limited business knowledge, and risk management.
NDTSP Consortium, led by Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, met on July 24, 2023 to finalise Deep Tech Startup Policy Draft