‘Deep tech’ policy to be sent to Cabinet for approval, says scientific adviser
- A note on a new ‘deep tech’ policy for India in the coming weeks will be sent to the Union Cabinet for approval.
Key Highlights
- In July 2023, the government unveiled a draft of the policy for public comment and following feedback from industry, a final version is reportedly ready.
- ‘Deep tech’ is a buzzword in tech and startup circles with no precise definition as yet.
- India’s draft policy document on ‘deep tech’ cites Startup India’s database, which claims that there are 10,298 startups recognised by the Department for Promotion of Industry and Internal Trade
- Which are classified across various sub-sectors within the larger deep tech space as of May 2023.
- Deep tech startups have developed intellectual property that promise an outsize impact but are yet to be realised, and are premised on new scientific breakthroughs.
- Crucially, businesses and startups based on ideas that are easily replicable do not qualify as deep tech startups.
- The DSIR would in the coming days focus on transferring technology to medium and small scale industries
- The CSIR would target industry at large and the National Research and Development Corporation, also a CSIR entity, would focus on startups.
Prelims Takeaway
- CSIR
- Deep tech