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National Deep Tech Startup Policy (NDTSP): Key Features

Context: A note on a new ‘deep tech’ policy for India will be sent for Union Cabinet approval in the coming weeks.

  • A draft of the policy on Deep Tech has been released In July 2023, for public comment and following feedback from the industry, a final version is ready for approval. 

Key Features of National Deep Tech Startup Policy (NDTSP) 

  • Aim: 

    • To  propel innovation, economic growth, and societal development and
    • To lay the foundation for India’s emerging Deep Tech Startup ecosystem.
  • Pillars: 

    • Ensuring the Security of India’s Economic Future
    • Facilitating a Seamless Transition to a Knowledge-Driven Economy
    • Bolstering National Capability and Sovereignty through the Atma Nirbhar Bharat Imperative
    • Fostering Ethical Innovation.
  • key Foundational Elements of the Policy

    • Funding and Innovation: The strategy attempts to give financial assistance to deep tech firms through a variety of means such as grants, loans, and venture capital. 
      • It also aims to foster innovation by simplifying regulatory processes and encouraging collaboration between academia and industry. 
    • Talent Development: It promotes steps to cultivate a skilled workforce in the deep tech sector. This includes promoting STEM education, offering training possibilities, and attracting international talent.
      • The policy also provides for the creation of domain expertise for data interpretation through a fee-service model.
    • Access to Advanced Infrastructure and Technology: It suggests that deep tech incubation centers and testing facilities be established across the country, it also emphasizes strengthening the existing tie-ups with IIT and IISc, etc to provide shared infrastructure resources at nominal fees.
    • Public Procurement and Market Opportunities: The strategy pushes government agencies to embrace deep-tech solutions and opens up new markets for businesses as well as become the first market for such deeptech startups. It also encourages international cooperation and market access.
    • Intellectual Property (IP) Protection: It suggests the establishment of a uniform IP framework and the implementation of strong cybersecurity measures.

What is Deep Tech?

  • About: Deep tech refers to those startups whose business model is based on high-tech innovation in engineering, or significant scientific advances and  have developed intellectual property that promises an outsize impact but is yet to be realized.
  • These are mainly based on artificial intelligence or machine learning, or new or existing emerging technologies like blockchain, computer imaging, and VR. 
    • Examples: AI applied to predict natural disasters or molecular imaging technologies that identify disease or predisposition to disease.


Must Read:
What Is Deepfake Technology?

News source: The Hindu

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UDAAN PRELIMS WALLAH
Comprehensive coverage with a concise format
Integration of PYQ within the booklet
Designed as per recent trends of Prelims questions
हिंदी में भी उपलब्ध

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