Deeptech Startups granted extended
recognition Under Startup India Programme
¨
Deeptech Startups granted
extended recognition Under Startup India Programme.
¨
According to a gazette
notification issued by the Department for Promotion of Industry and Internal
Trade (DPIIT), deep tech startups have been formally recognised under the
Startup India programme.
¨
Their eligibility period
has been extended to 20 years from the date of incorporation, which is double
that of regular startups.
¨
The annual turnover
threshold for deeptech startups has been fixed at ₹300 crore, compared with
₹200 crore for regular ones.
¨
Startup benefits will
cease after 20 years or on crossing the turnover limit, whichever occurs
earlier.
¨
A deep tech startup is
defined as a company that invests a significant portion of its revenue or
funding into research and development (R&D).
¨
Such firms have been
defined by the government as those with long development and gestation periods,
higher capital and infrastructure investment, and significant technical or
scientific uncertainty.
¨
Sectors like artificial
intelligence, biotechnology, and climate technology have been classified as
deeptech.
¨ The policy change is expected to improve access to growth capital, grants, and institutional funding.
¨ Investors have stated that the extended recognition window supports the transition from lab research to commercialisation.
