How the government can help deep-tech startups reach their full potential
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The government launched the ₹1 trillion Research, Development and Innovation Fund to support deep-tech startups.
- ✓While capital is now available, many firms struggle with procurement rules.
- ✓Since the government is often the primary buyer, its first order helps validate new products, allowing these innovative companies to grow and compete globally.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Livemint
- Reading Speed
- 5 Minute(s)
- Market Focus
- India Economy
For a decade, the binding constraint on deep-tech in India has been patient capital. Science-based ventures take years to gestate before anything can be sold, and venture funds built around business models such as e-commerce, consumer products and similar tech found them too risky.
The government has addressed this directly. The ₹1 trillion Research, Development and Innovation Fund (RDIF) is one of the most transformative initiatives of the government. RDIF is expected to catalyse private sector investments in deep-tech.
In February this year, the department for promotion of industry and internal trade gave deep-tech startups a category of their own, with a recognition window of 20 years. The capital problem is getting solved.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Livemint
Read the full, original unfiltered story directly on the publisher's portal.