The Indian government, through the National Deep Tech Startup Policy (NDTSP) Consortium, has released a draft policy for public consultation until September 15, 2023. This policy proposal is a result of the Prime Minister's Science, Technology, and Innovation Advisory Council's (PM-STIAC) recommendation to strengthen the deep tech startup ecosystem in the country. Its main purpose is to support early-stage deep tech startups in fields like AI, robotics, quantum, and IoT.

The policy outlines a comprehensive nine-point program such as:

• Nurturing research, development and innovation
• Strengthening the intellectual property regime
• Facilitating access to funding
• Enabling shared infrastructure and resource sharing
• Creating conducive regulations, standards, and certifications
• Attracting human Resources and initiating capacity development
• Promoting procurement and adoption
• Ensuring policy and program interlinkages
• Sustaining deep tech startups

Institutes like IIT Madras have been proactive in promoting deep tech startups, incubating over 300 ventures, with an impressive 82% survival rate beyond the initial five years. These startups have achieved a cumulative valuation of$4.6 billion.