India Expands Eligibility for Deep Tech Startups to 20 Years

India has revised its criteria for what constitutes a deep tech startup, extending the eligibility period to 20 years. Bloomberg posted on X, highlighting the government's decision to broaden the scope for startups in the deep tech sector. This move aims to foster innovation and support long-term growth in technology-driven enterprises. The redefinition allows companies that have been operating for up to two decades to qualify as deep tech startups, providing them with access to various benefits and support mechanisms. This change is expected to encourage more mature companies to continue developing cutting-edge technologies and contribute to the country's technological advancement. The initiative is part of India's broader strategy to enhance its position in the global tech landscape by nurturing startups that focus on advanced technologies such as artificial intelligence, machine learning, and blockchain. By extending the eligibility period, the government hopes to attract more investment and talent into the sector, ultimately driving economic growth and innovation. Industry experts have welcomed the decision, noting that it provides a significant boost to companies that have been working on deep tech solutions for many years. The extended eligibility period is seen as a recognition of the long-term commitment required to develop and commercialize complex technologies. Overall, India's redefinition of deep tech startup criteria and the extension of eligibility to 20 years is expected to have a positive impact on the country's tech ecosystem, encouraging sustained innovation and development in the sector.