According to reports, a deep-tech startup policy, intended to pool monetary aid to assist businesses in the industry, is expected to be soon presented to the Cabinet by the Commerce Ministry.

Additionally, these funds would contribute to the alternative investment fund for new businesses in this industry.

It is believed that the government might instead publish a broad framework that will serve as a set of guidelines for state governments and newcomers to this field instead of an elaborative form.

About 18 distinct ministries and government departments have so far been consulted, and the discussions on a number of topics are at a fairly advanced level.

The Ministry of Electronics and Information Technology and the Department for Promotion of Industry and Internal Trade have provided the majority of the significant inputs.

The policy may also look to encourage and enable infrastructure and resource sharing, create India-centric regulations, standards, and certifications, and focus on capacity building to retain human resources in India, in addition to the focus on R&D, intellectual property, and funding for deep-tech startups.

Similarly, the proposed policy seeks to provide a single-window platform mechanism for a unified intellectual property framework and the standards for developing these intellectual properties in order to enhance the intellectual property regime.

The government may modify its policies to allocate more corporate social responsibility funds to science and deep-tech research institutions, create a ministry-agnostic grants framework, and introduce technology bonds to encourage more investment in the industry to guarantee consistent long-term funding for deep-tech startups.

The policy aims to address the difficulties faced by deep tech entrepreneurs and propose specific policy interventions to improve the ecosystem. A draft of the policy has already been made available to the public for consultation.

The policy seeks to fortify the intellectual property framework, support research and innovation, and make long-term funding available to deep-tech start-ups easier.

Businesses that create new products based on scientific or engineering innovation are known as deep technology start-ups.

They might work in robots, artificial intelligence, big data, quantum computing, the internet of things, and drones.