Centre relaxes norms for start-ups to avail funds from DSIR
GS3Economy · S&T · Environment · Security· IT, AI, semiconductors & computing· Prelims + Mains·
Why in news
Union Science and Technology Minister Jitendra Singh announced the removal of the three-year viability requirement for deep-tech start-ups to access DSIR funding.
Background
The Department of Scientific and Industrial Research (DSIR) will provide up to ₹1 crore under the Industrial Research and Development Promotion Programme (IRDPP). The move targets deep-tech start-ups that previously had to prove three years of viability to access these funds.
Facts for Prelims
- BodyDSIR: Department of Scientific and Industrial Research
- SchemeIRDPP: Industrial Research and Development Promotion Programme
- FactFunding limit: Up to ₹1 crore for deep-tech start-ups
- FactPrevious requirement: Three-year viability period removed
For Mains
Q. Discuss how easing regulatory requirements for deep-tech start-ups can foster India's position in the global innovation ecosystem.
Dimensions to cover in your answer
- Capital accessibility: Reducing viability hurdles to bridge the 'valley of death' for early-stage deep-tech ventures
- Institutional synergy: Coordinating funding between DSIR, DST, CSIR, and TDB for holistic startup support
Keywords: Deep-tech · Innovation ecosystem · Capital accessibility · Regulatory easing · R&D promotion
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