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Deep Tech Startup vs. Regular Tech Startup, National Deep Tech Startup Policy (NDTSP)

National Deep Tech Startup Policy (NDTSP)

  • Context (TH I PIB): The Draft National Deep Tech Startup Policy (NDTSP) is published by Principal Scientific Adviser.
  • The Office of the Principal Scientific Adviser (PSA) was established By GoI in 1999.
  • The PSA’s office aims to provide pragmatic and objective advice to the PM and cabinet in matters of Science and Technology.
  • The Office of PSA was placed under the Cabinet Secretariat in 2018.
  • Deep Technology refers to innovations founded on advanced technological breakthroughs.
  • The NDTSP is strategically formulated to stimulate innovation through the effective utilization of deep tech driven innovations.
  • The goal is to ensure India’s global prominence in the deep tech value chain, with a specific focus on areas such as semiconductors, Artificial Intelligence (AI), and space technology.
  • They have the potential to solve most pressing societal issues due to their disruptive nature.

What is the difference between a Deep Tech Startup and a Regular Tech Startup?

  • The main difference between them is the nature of the technology involved.
  • Deep tech startups use cutting-edge technologies which are in the early stages of development.
  • They face more challenges than regular tech startups, such as the need for more funding and the difficulty of commercializing their products.

Challenges Faced by Deep-Tech Start-ups

  • High cost in Research and Development.
  • Long development timeline.
  • Regulatory hurdles add to the cost and complexity of development and commercialization.
  • The scarcity of talent, especially in early-stage startups.
  • Competition from large companies.
  • Uncertainty in demand and changes in Technology.

Some examples of deep tech startups in India and their applications

  • Agnikul Cosmos: Agnikul Cosmos is a space technology startup that is developing small satellite launch vehicles.
  • CropIn: CropIn is a farm management startup that uses satellite imagery and artificial intelligence to help farmers improve their crop yields.
  • Niramai: Niramai is a healthcare startup that is developing breast cancer screening technology using thermal imaging.

National Deep Tech Startup Policy (NDTSP)

Artifical Intelligence is covered in July 2023 Current Affairs

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