Startup India ramps up support for strategic deep tech startups

The Indian government is doubling down on critical sectors like AI, chips and cybersecurity through the next phase of its Startup India program, set to be unveiled next week. As per sources, officials plan to channel increased resources towards deep tech startups addressing national priorities like semiconductor self-sufficiency, next-gen computing and digital security.

Launched in 2016, Startup India has helped establish a robust startup culture nationwide. By bringing stakeholders together, it has supported thousands of ventures across industries. Now in its second iteration, the program will deepen collaboration between innovators, academia and industry players. This will power transformative solutions from semiconductors to healthcare using cutting-edge technologies.

Deep tech encompasses futuristic areas leveraging AI, cloud, robotics and more. It remains pivotal to realizing India’s Industry 4.0 dreams. The upcoming Deep Tech Startup Policy also recognizes this, seeking to strengthen R&D. Data shows over 400 such startups have emerged since 2014, well up from under 100 previously. Government nurturing will be key to scaling this boom.

While funding growth has been steady, challenges remain. Targeted initiatives under Startup India 2.0 could help move the needle. With national priorities and future-proof jobs at stake, it is an opportunity New Delhi cannot afford to miss. Strategic support for the visionary startups engineering India’s tech sovereignty could shape a truly Aatmanirbhar Bharat.