India is currently experiencing a transformative era in technological innovation, with over 10,000 DPIIT-recognised Deep Tech Start-ups driving the nation’s deep tech ecosystem. These start-ups, spanning various sectors, represent the forefront of India’s growing expertise in cutting-edge technologies. Recognizing the immense potential, the Department for Promotion of Industry and Internal Trade (DPIIT) is steadfastly committed to finalizing the National Deep Tech Startup Policy (NDTSP) to foster an environment that allows these start-ups to thrive.
The NDTSP has been meticulously crafted by the government to propel the deep tech sector to new heights. The policy’s draft, released for public consultation last year, establishes a comprehensive framework that harnesses advanced research-based inventions across multiple domains. As industry insiders weigh in on the potential impact and opportunities presented by this policy, a clear picture emerges of the transformative effects it holds for various sectors.
When it comes to the space sector, Suyash Singh, co-Founder & CEO of GalaxEye, sees the policy’s strong emphasis on research and development (R&D) as a significant boost to innovation. Singh believes that the focus on R&D will advance satellite technology, making it more efficient and cost-effective. He also expects Indian-based companies to benefit from better incentives and discounts, enabling smoother access to global funding. This, in turn, reinforces their commitment to the ‘Make in India for the World’ ethos. Furthermore, Singh anticipates increased attention from global entities, leading to additional capital investment in existing space tech companies and start-ups.
The policy also addresses the importance of access to anonymized datasets, which is crucial for artificial intelligence (AI) advancements. Soumendra Mohanty, chief strategy officer at Tredence, points out that the provisions in the policy promote this access, providing companies like Tredence with distinct advantages. The policy encourages partnerships between industry, academia, and research organizations, fostering diverse perspectives, deeper insights, and best practices. Such collaborations are instrumental in driving ground-breaking advancements in AI.
Dr Jay Prakash, CEO & co-founder at Silence Laboratories, emphasizes the policy’s role in promoting ethical technology development. He emphasizes the need for frameworks that encourage responsible innovation and safeguard intellectual property rights, particularly in domains such as cryptography.
Collaboration between academia and industry is another critical aspect highlighted by Dr Gopichand Katragadda, founder and CEO of Myelin Foundry. He believes that India should set its sights on creating 100 million AI jobs within the next decade, with a significant proportion of these jobs aimed at rural areas. Katragadda emphasizes that the policy’s focus on shared infrastructure is crucial to tackle the high computational resource requirements of AI and machine learning. By investing in shared infrastructure, the government levels the playing field and allows innovators nationwide to experiment with sophisticated AI models without prohibitive costs.
Vishesh Rajaram, managing partner at Speciale Invest, highlights the policy’s potential to catalyze innovation across various sectors. He believes that the policy’s guiding frameworks around funding access, IP creation, and talent access will drive cutting-edge innovation in sectors such as space tech, life sciences, semiconductors, and AI.
The insights provided by industry insiders underscore the transformative potential of India’s National Deep Tech Start-up Policy. By fostering innovation, driving economic growth, and propelling India as a global leader in deep tech innovation, this policy provides a roadmap for India’s emergence as a technological powerhouse across diverse sectors.
FAQ
What is Deep Tech?
Deep Tech refers to technologies that are based on advanced scientific research and make significant advancements in their respective fields. These technologies often have a profound impact on society by addressing complex challenges and pushing the boundaries of what is possible.
How many DPIIT-recognised Deep Tech Start-ups are there in India?
India currently has over 10,000 DPIIT-recognised Deep Tech Start-ups, showcasing the nation’s vibrant deep tech ecosystem.
What is the National Deep Tech Startup Policy (NDTSP)?
The National Deep Tech Startup Policy is a comprehensive framework developed by the Indian government to promote and support the growth of deep tech start-ups in the country. It focuses on areas such as research and development, access to shared infrastructure and anonymized datasets, ethical technology development, and collaborations between academia and industry.
How will the NDTSP impact the space sector?
The NDTSP is expected to have a significant impact on the space sector. It emphasizes research and development, which will lead to advancements in satellite technology, making it more efficient and cost-effective. The policy also provides better incentives and discounts for Indian-based space tech companies, enabling smoother access to global funding and attracting increased attention from global entities.
What are the benefits of the policy’s focus on shared infrastructure in AI?
The policy’s focus on shared infrastructure in AI addresses the high computational resource requirements of developing complex AI models. By investing in shared infrastructure, the government levels the playing field for start-ups and researchers, allowing them to experiment with sophisticated AI models without prohibitive costs. This investment is crucial for India to lead the global AI landscape.
How will the policy foster collaboration between academia and industry?
The policy encourages partnerships between academia, industry, and research organizations. Such collaborations enable diverse perspectives, deeper insights, and best practices, driving ground-breaking advancements in AI and other technologies.
Is this policy exclusive to the space sector?
No, the policy extends its impact beyond the space sector. It provides a guiding framework for deep tech innovation in sectors such as life sciences, semiconductors, and AI. The policy’s provisions around funding access, IP creation, and talent access will catalyze innovation across multiple sectors in India.
India’s deep tech start-up ecosystem is undergoing a transformation thanks to the National Deep Tech Startup Policy (NDTSP), which aims to support the growth and development of deep tech start-ups in the country. This policy, created by the government and currently in the draft stage, has the potential to have a far-reaching impact on various sectors.
One sector that stands to benefit greatly from the NDTSP is the space industry. The policy’s focus on research and development (R&D) is seen as a significant boost to innovation in the space sector. It is expected that advancements in satellite technology will become more efficient and cost-effective as a result. Indian-based companies in the space tech industry can also expect better incentives and discounts, which will facilitate easier access to global funding. This, in turn, will reinforce their commitment to the “Make in India for the World” ethos. Additionally, the increased attention from global entities is likely to lead to additional capital investment in existing space tech companies and start-ups.
Another area that the NDTSP addresses is the importance of access to anonymized datasets, particularly in the field of artificial intelligence (AI). This policy promotes such access and provides distinct advantages to companies operating in AI. By encouraging partnerships between industry, academia, and research organizations, the policy fosters collaboration and the exchange of insights and best practices. These collaborations are essential for driving ground-breaking advancements in AI.
Ethical technology development is another crucial aspect addressed by the policy. The CEO and co-founder of Silence Laboratories, Dr. Jay Prakash, emphasizes the need for frameworks that encourage responsible innovation and safeguard intellectual property rights, especially in domains such as cryptography.
Collaboration between academia and industry is highlighted by Dr. Gopichand Katragadda, founder and CEO of Myelin Foundry, as a critical aspect of the policy’s impact. He believes that India should aim to create 100 million AI jobs within the next decade, with a significant proportion of these jobs targeted at rural areas. The policy’s focus on shared infrastructure is vital to meet the high computational resource requirements of AI and machine learning. By investing in shared infrastructure, the government levels the playing field and enables innovators nationwide to experiment with sophisticated AI models without prohibitive costs.
The NDTSP’s potential to catalyze innovation extends beyond the space sector. Vishesh Rajaram, managing partner at Speciale Invest, believes that the guiding frameworks around funding access, IP creation, and talent access will drive cutting-edge innovation in sectors such as life sciences, semiconductors, and AI.
In summary, the National Deep Tech Startup Policy holds significant transformative potential for India’s deep tech start-up ecosystem. By fostering innovation and propelling the country as a global deep tech leader, this policy paves the way for India’s emergence as a technological powerhouse across diverse sectors.
What is Deep Tech?
Deep Tech refers to technologies that are based on advanced scientific research and make significant advancements in their respective fields. These technologies often have a profound impact on society by addressing complex challenges and pushing the boundaries of what is possible.
How many DPIIT-recognised Deep Tech Start-ups are there in India?
India currently has over 10,000 DPIIT-recognised Deep Tech Start-ups, showcasing the nation’s vibrant deep tech ecosystem.
What is the National Deep Tech Startup Policy (NDTSP)?
The National Deep Tech Startup Policy is a comprehensive framework developed by the Indian government to promote and support the growth of deep tech start-ups in the country. It focuses on areas such as research and development, access to shared infrastructure and anonymized datasets, ethical technology development, and collaborations between academia and industry.
How will the NDTSP impact the space sector?
The NDTSP is expected to have a significant impact on the space sector. It emphasizes research and development, which will lead to advancements in satellite technology, making it more efficient and cost-effective. The policy also provides better incentives and discounts for Indian-based space tech companies, enabling smoother access to global funding and attracting increased attention from global entities.
What are the benefits of the policy’s focus on shared infrastructure in AI?
The policy’s focus on shared infrastructure in AI addresses the high computational resource requirements of developing complex AI models. By investing in shared infrastructure, the government levels the playing field for start-ups and researchers, allowing them to experiment with sophisticated AI models without prohibitive costs. This investment is crucial for India to lead the global AI landscape.
How will the policy foster collaboration between academia and industry?
The policy encourages partnerships between academia, industry, and research organizations. Such collaborations enable diverse perspectives, deeper insights, and best practices, driving ground-breaking advancements in AI and other technologies.
Is this policy exclusive to the space sector?
No, the policy extends its impact beyond the space sector. It provides a guiding framework for deep tech innovation in sectors such as life sciences, semiconductors, and AI. The policy’s provisions around funding access, IP creation, and talent access will catalyze innovation across multiple sectors in India.
The source of the article is from the blog motopaddock.nl