Deep tech in focus as Startup India enters phase-II on January 16

economictimes.indiatimes.com:

Startup India programme on January 16 with a focus on deep technology startups, said officials. These startups will work in areas including semiconductor chips and related research and design areas, quantum and high-performance computing, artificial intelligence and cybersecurity, they said.

“The first phase was all about consumer internet and consumption or service-based startups. In the next wave, in India and globally, startup innovation and value are going to come from deep tech. They will be fewer but much more valuable,” said one of the officials, who did not wish to be identified.

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The Startup India initiative, launched eight years ago, was aimed at supporting young entrepreneurs by helping them ensure compliance with rules and regulations, fast-tracking the patent application and granting process, and exempting income and capital gains tax for eligible entrepreneurs and startups respectively.

Since the second phase of the initiative will focus more on deep-tech startups, which will need more time and funds to “get their business going and achieve profitability”, the policy support needed will be greater than what has been given till now, said another official.


“We have learned from the finer changes that had to be made to date in the initial Startup India plan. The second phase could see more support for startups in terms of stable policy and taxation, better valuation norms or research and collaboration initiatives with industry and academia,” the official said.

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