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Draft National Deep Tech Startup Policy (NDTSP)

GS Paper 3

 Syllabus: Science and Technology

 

Source: BS

 Context: The National Deep Tech Startup Policy (NDTSP) draft has been released for public consultation by the National Consortium.

 

Aim of the policy: To strengthen the Indian deep tech startup ecosystem and address its unique challenges.

What are Deep Techs?

Deep Tech refers to advanced and cutting-edge technologies that are based on significant scientific and engineering innovations.

Example: 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.

 

Status: 

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.

 

Draft NDTSP is based on the following themes:

  • Nurturing Research, Development & Innovation
  • Strengthening the Intellectual Property Regime
  • Facilitating Access to Funding
  • Enabling Shared Infrastructure and Resource Sharing
  • Creating Conducive Regulations, Standards, and Certifications
  • Attracting Human Resources & Initiating Capacity Building
  • Promoting Procurement & Adoption
  • Ensuring Policy & Program Interlinkages
  • Sustaining Deep Tech Startups

 

Significance: This policy complements and adds value to the existing Startup India policies, programmes and initiatives, by fostering a conducive ecosystem for deep tech startups to thrive and address their unique and complex challenges.

  

About 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.

 

 About PM-STIAC:

 It is an overarching body which assesses the status of specific S&T domains, comprehends challenges, formulates immediate, mid and long-term interventions and presents a roadmap to the Prime Minister. It has identified nine national science missions which aim to address major scientific challenges to ensure India’s sustainable development.

 

Insta Links:

 Indian Deep Tech and a case for a strategic fund

  

Mains Links: 

Deep tech present the next big opportunity for India that can drive growth and deliver sustainable solutions across the country. Discuss. (10M)