Center will soon formulate a dedicated policy to promote deeptech startup ecosystem
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New Delhi (Uttam Hindu News): Commerce and Industry Ministry Secretary Rajesh Kumar Singh on Monday said the Center will soon bring a new policy to promote and empower the deeptech startup ecosystem in the country. Speaking at the ‘Startup Mahakumbh’ event in the national capital, Rajesh Kumar Singh said the deeptech startup policy is in the final stages of inter-ministerial discussions. “We hope to bring it out soon,” he said. We will create a dedicated fund of money.” He told that soon there will be a separate window for deeptech startups.
More than 34 deeptech startups are showcasing their innovations at the NASSCOM Pavilion at ‘Startup Mahakumbh’. The event will facilitate insightful discussions across sectors including Artificial Intelligence and Software-as-a-Service (SaaS), D2C/Consumer Brands, Agritech, Fintech, Deeptech, Biotech and Pharma, Incubator, Climate Tech, e-Sports and B2B Manufacturing. Will do.
India remains the third largest tech startup ecosystem globally, with over 950 tech startups founded last year. According to a latest report by Nasscom, investment in deeptech will continue to increase in 2024 with the support of Zinnov. Generative AI (GenAI) is accelerating with 70 percent of startup founders incorporating AI into their solutions.
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