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.

• 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.

Artifical Intelligence is covered in July 2023 Current Affairs