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What is outlined in India's National Tech Startup Policy?

What is outlined in India's National Tech Startup Policy?

In a recent declaration, Rajesh Kumar Singh, the secretary at the Department for Promotion of Industry and Internal Trade (DPIIT), shed light on the imminent finalization of the National Deep Tech Startup Policy (NDTSP). This policy underscores the government’s steadfast dedication to cultivating an environment conducive to the flourishing of deep tech startups in India. With over 10,000 DPIIT-recognized Deep Tech startups, the nation stands at the cusp of a revolutionary era in technological innovation.

Creating a conducive environment

The government’s meticulous crafting of the NDTSP aims to propel the deep tech sector to unprecedented heights. Released for public consultation last year on July 31, the draft policy lays down a comprehensive framework poised to harness advanced research-based inventions across diverse domains.

What are the industry perspectives?

Industry insiders have provided invaluable insights into the potential impact and opportunities presented by the NDTSP. Suyash Singh, co-founder & CEO of GalaxEye, highlighted its implications for the space sector, expressing optimism about its potential to spur research and development efforts. Singh emphasized the policy’s focus on supporting R&D, foreseeing advancements in satellite technologies, and enhanced access to global funding for Indian-based companies.

Promoting access to anonymized datasets

Soumendra Mohanty, chief strategy officer at Tredence, underscored the significance of the policy’s provisions for promoting access to anonymized datasets. He emphasized how these provisions foster partnerships with industry, academia, and research organizations, driving groundbreaking advancements in AI.

Ethics regarding the technology development

Dr. Jay Prakash, CEO & co-founder at Silence Laboratories, emphasized the policy’s role in promoting ethical technology development, particularly in domains like cryptography. Dr. Gopichand Katragadda, founder and CEO of Myelin Foundry, stressed the importance of collaboration between academia and industry in fostering a skilled workforce proficient in AI algorithms.

Catalyzing innovation across sectors

Vishesh Rajaram, managing partner at Speciale Invest, expressed enthusiasm for the policy’s potential to catalyze innovation across various sectors. He emphasized the importance of guiding frameworks around funding access, IP creation, and talent access in driving cutting-edge innovation in sectors such as space tech, life sciences, semiconductors, and AI.

The takeaway

The transformative potential of India’s National Deep Tech Startup Policy is undeniable. It not only provides a roadmap for fostering innovation but also drives economic growth and positions India as a global leader in deep tech innovation across diverse sectors. As the government finalizes the policy, India stands poised to unlock its deep tech potential and emerge as a powerhouse of innovation on the global stage. 

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