New Delhi, Jan. 4 -- Minister of Science and Technology Jitendra Singh on Sunday said that deep-tech startups no longer require a minimum of three years of existence to avail recognition under DSIRs Industrial Research and Development Promotion Program, a condition previously mandatory.
Calling the decision a "noble intent to accelerate and sustain new startups", the minister announced the relaxation of the norm during the 42nd Foundation Day of the Department of Scientific and Industrial Research (DSIR).
The Centre claims that the move is expected to provide initial momentum to beginners of startup projects, helping them scale faster. "For early-stage innovators or startups, a wide basket of schemes already exists across departments such...