Draft National Deep Tech Startup Policy (NDTSP) Released for Public Consultation

• 02 Aug 2023

On 31^st July, 2023, the National Deep Tech Startup Policy (NDTSP) Consortium announced the release of the draft policy for public consultation, seeking feedback until September 15, 2023.

Key Points:

• National Consortium and Working Group Recommendation: The Prime Minister's Science, Technology, and Innovation Advisory Council (PM-STIAC) recommended the establishment of a National Consortium and a Working Group to formulate a comprehensive policy framework for the Indian deep tech startup ecosystem.
• Broad Spectrum of Stakeholders: The apex-level National Consortium comprises representatives from various departments and organizations, including DPIIT, AIM, NITI Aayog, MeitY, DBT, ISRO, NSCS, DRDO, NASSCOM, CII, and FICCI.
• Policy Formulation Process: Inputs from startups, incubation centers, industry associations, academic institutions, and government agencies were sought through consultative workshops, roundtables, discussions, and interviews with thought leaders.
• Themes of the Draft NDTSP: The draft policy focuses on themes such as nurturing research, development & innovation, strengthening the intellectual property regime, facilitating access to funding, enabling shared infrastructure and resource sharing, creating conducive regulations, standards, and certifications, attracting human resources & initiating capacity building, promoting procurement & adoption, and ensuring policy & program interlinkages, all aimed at sustaining deep tech startups.
• Public Consultation Period: The revised policy draft is open for public feedback from July 31, 2023, until September 15, 2023.