The Government of India has issued an official definition of ‘deep tech’ startups.
According to the Department for Promotion of Industry and Internal Trade (DPIIT), a deep tech start-up develops solutions based on new knowledge or advancements in science or engineering.
Such startups spend most of their funds on research and development (R&D), create significant intellectual property (IP), and take steps to commercialise it.
Deep tech startups often face long development timelines, high capital requirements, and technical uncertainty.
A company can qualify as a deep tech start-up for up to 20 years and with a turnover of up to ₹300 crore.
Companies must apply to DPIIT for certification, which is reviewed by an Inter-Ministerial Board including representatives from the Department of Science and Technology (DST) and the Department of Biotechnology.
This initiative supports the Government’s focus on technology-driven startups and is linked to the ₹1 lakh crore Research and Development Innovation (RDI) Fund to finance emerging technologies.