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National Deep Tech Startup Policy (NDTSP)
- Context (TH I PIB): The Draft National Deep Tech Startup Policy (NDTSP) is published by Principal Scientific Adviser.
- 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