'Long-term funding for deep tech startups on the cards'

India aims to be globally competitive in technology, space, defence, energy, medical sciences

- Gireesh Chandra Prasad

The government is working on a new policy to financially support deep-tech startups so that India can be globally competitive in technology as well as boost its space, defence, energy, medical sciences and pharmaceuticals capabilities, Ajay Kumar Sood, chairperson of the Prime Minister’s Science, Technology and Innovation Advisory Council (PM-STIAC), and principal scientific advisor to the government, said in an interview.

Deep-tech startups will contribute to the development of indigenous technologies across various sectors, propelling India to greater competitiveness. A policy is in the works to support these entities, with the commitment to offer long-term financial support, Sood said.