The National Deep Tech Startup Policy (NDTSP) Consortium has unveiled the draft policy for public consultation, inviting feedback from the public until September 15, 2023.
The initiative to create the NDTSP arose from the 21st meeting of the Prime Minister's Science, Technology, and Innovation Advisory Council (PM-STIAC) on July 7, 2022. The council proposed the formation of a National Consortium and Working Group to develop a comprehensive policy framework that supports the Indian deep tech startup ecosystem.
Chaired by Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, the National Consortium includes stakeholders from various key organisations, such as DPIIT, AIM, NITI Aayog, MeitY, DBT, ISRO, NSCS, DRDO, NASSCOM, CII, and FICCI.
The Office of Principal Scientific Adviser, with these stakeholders, has actively led the policy formulation process.
The NDTSP is designed to complement and enhance the existing Startup India policies, focusing on the specific challenges faced by deep tech startups. The draft policy addresses several important themes:
- Nurturing Research, Development and 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 and Initiating Capacity Building
- Promoting Procurement and Adoption
- Ensuring Policy and Program Interlinkages
- Sustaining Deep Tech Startups
The National Consortium met on July 24, 2023, to review the draft policy and suggested releasing it for public consultation after incorporating further feedback. The revised policy draft is now available for public review from July 31, 2023, until September 15, 2023.
