“The aim is to fine tune the startup policy to cater to the unique needs of deep tech ventures. We are moving a Cabinet note to this effect in consonance with DPIIT,” Sood said.
The Indian government plans to introduce a national deep-tech policy, which will focus on supporting deep tech ventures. The policy aims to fine-tune existing startup policies to cater to the unique needs of deep tech startups. The draft policy has identified 10 sub-sectors within deep tech and proposes the establishment of a dedicated deep tech capital guidance fund. The policy also recommends providing fiscal incentives, such as tax rebates, to attract domestic and foreign investors to support deep tech startups. The goal is to strengthen the deep tech startup ecosystem in India.
How National Deep Tech Startup Policy can help chart a new era in innovation financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Bharat Innovation Fund looking to double investment in deeptech startups yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.