As Startup India moves into phase-II on January 16, deep tech is the focus.

With an emphasis on deeptech businesses, the central government is getting ready to launch the second phase of its Startup India program on Tuesday, January 16, of next week.These firms will focus on important fields like semiconductor chips, quantum computing, artificial intelligence, and cybersecurity, according to an ET story that cited officials.It is expected that the second phase of the Startup India initiative will offer more assistance to entrepreneurs, such as more stable rules and taxes, better standards for valuation, and more chances for research and engagement with academic and industry partners.

Launched on January 16, 2016, the Startup India initiative seeks to create a strong ecosystem in the nation that supports innovation and startups, hence promoting sustainable economic growth and creating significant job possibilities.In addition to focusing on other industries including manufacturing, biotechnology, agriculture, social services, healthcare, and education, the action plan aims to quicken the startup movement in the digital and technological sectors. In line with the government's continuous attempts to spur growth in this industry, the second phase of the Startup India initiative places a strong emphasis on deeptech businesses. On July 31, 2023, the Draft National Deep Tech Startup Policy (NDTSP), 2023, was made available for public comment.