India Startups – Artifex.News

Centre relaxes norms for start-ups to avail funds from DSIR

admin — Sun, 04 Jan 2026 21:45:00 +0000

Minister of State Jitendra Singh graces the 41st Foundation Day function of the Department of Scientific and Industrial Research (DSIR), in New Delhi, on January 4, 2026).
| Photo Credit: PTI

The Centre on Sunday (January 4, 2026) relaxed norms for deep-tech start-ups to avail financial assistance from the Department of Scientific and Industrial Research (DSIR).

At the 42nd foundation day celebrations of the DSIR, Union Science and Technology Minister Jitendra Singh announced the removal of the three-year viability criteria for deep-tech start-ups to avail financial assistance of up to ₹1 crore under the Industrial Research and Development Promotion Programme (IRDPP) of the department.

The DSIR extends financial assistance of up to ₹1 crore to start-ups under the IRDPP only if they prove to be sustainable and viable for a minimum period of three years.

Describing the move as an incentive to accelerate and sustain start-ups, Mr. Singh said, “The removal of the three-year existence requirement is a significant incentive to help deep-tech start-ups scale faster, even before they are fully on their own.” However, the start-ups will have to maintain appropriate evaluation standards linked to technological maturity, the Minister said.

The move is expected to provide early momentum to projects as well as promising innovators and entrepreneurs.

Addressing the gathering, the Minister said that while the Rs 1 lakh crore Research, Development and Innovation (RDI) fund has generated unprecedented enthusiasm across the country, it is designed to support start-ups that have achieved a certain level of technological maturity.

“For early-stage innovators or start-ups, a wide basket of schemes already exists across departments such as DST, CSIR, TDB (Technology Development Board) and others,” Mr. Singh said.

Published – January 05, 2026 03:15 am IST

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India Now Has 3,600 Deeptech Startups, Ranks 6th Globally: Nasscom

admin — Thu, 20 Jun 2024 11:18:40 +0000

India now ranks sixth among the top nine deeptech ecosystems globally, a Nasscom report said.

New Delhi:

India now ranks sixth among the top nine deeptech ecosystems globally with 3,600 such startups, which received $850 million funding last year, a Nasscom report said on Thursday.

From 3,600 startups, over 480 were established last year — two times higher than the number established in 2022 — according to the report by Nasscom and Zinnov.

Of these 480 startups launched in 2023, over 100 are “inventive deeptech firms that have developed intellectual property or innovative solutions in new domains.”

Notably, 74 per cent of the deeptech startups established this year have concentrated on AI, a significant increase from 62 per cent in the period from 2014 to 2022.

Deeptech startups such as Agnikul, GalaxyEye, HealthPlix, Sarvam AI and Peptris, among others, are emerging in areas of healthtech, sustainability, AI and space-tech etc.

“Areas such as AI, quantum computing, space-tech, next-gen robotics and others will come together in interesting ways and be applied across every domain from education, entertainment, commerce, agriculture, industrial manufacturing, mobility, and several others,” said Jeyandran Venugopal, Chair, Nasscom DeepTech Council.

“India, with its deep talent base and traditional strength of producing top-notch STEM talent is well positioned to play a dominant role in this technology-led societal transition process,” he added.

While the country is ranked third in the technology startup ecosystem, it is at the sixth position for deeptech startups.

“For India to be in the top three deeptech startups ecosystem, key areas that need support are access to patient capital for deeptech startups, strong R&D partnerships with academia and implementation of the deeptech policy that was tabled in 2023”, explained Kritika Murugesan, Head, Nasscom DeepTech.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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India Now Has 3,600 Deeptech Startups, Ranks 6th Globally: Nasscom

admin — Thu, 20 Jun 2024 11:18:40 +0000

India now ranks sixth among the top nine deeptech ecosystems globally, a Nasscom report said.

New Delhi:

India now ranks sixth among the top nine deeptech ecosystems globally with 3,600 such startups, which received $850 million funding last year, a Nasscom report said on Thursday.

From 3,600 startups, over 480 were established last year — two times higher than the number established in 2022 — according to the report by Nasscom and Zinnov.

Of these 480 startups launched in 2023, over 100 are “inventive deeptech firms that have developed intellectual property or innovative solutions in new domains.”

Notably, 74 per cent of the deeptech startups established this year have concentrated on AI, a significant increase from 62 per cent in the period from 2014 to 2022.

Deeptech startups such as Agnikul, GalaxyEye, HealthPlix, Sarvam AI and Peptris, among others, are emerging in areas of healthtech, sustainability, AI and space-tech etc.

While the country is ranked third in the technology startup ecosystem, it is at the sixth position for deeptech startups.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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