Startup Policy Forum Launches #100DesiDeepTechs to Shape India's DeepTech Future; Partners DPIIT, MEITY Startup Hub and IIT-Madras
This initiative aims to foster a robust policy dialogue and drive the nation's deeptech agenda forward.
Applications are now open for startups across India to join this exclusive cohort. Selected startups will participate in closed-door deeptech dialogues, engaging with policymakers, investors, industry leaders, sectoral regulators, academic and research institutions. These discussions will culminate in a comprehensive policy whitepaper outlining sector-specific challenges and regulatory recommendations to strengthen India's deep tech ecosystem.
The initiative targets startups innovating in critical deeptech domains, including Semiconductors, Defence Technologies, Quantum Technologies, Green Hydrogen, Space Technologies, Drones and Unmanned Aerial Systems, Electric Vehicles, Biotechnology, Robotics and Autonomous Systems, Advanced Manufacturing, and Communications Infrastructure.
To further support the cohort, a Mentor Board will be established that will be composed of founders, investors, policymakers, and technical experts to provide strategic advice, technical expertise, and access to critical networks.
The whitepaper will be unveiled at 'Deeptech Baithak,' a high-profile multi-stakeholder gathering of 100 founders, leading investors, policymakers, regulators, and ecosystem enablers. The initiative will also lay the foundation for SPF's Centre for Deeptech Policy Research (CDPR) to ensure sustained policy dialogue and targeted interventions for the sector.
Shweta Rajpal Kohli, President & CEO, Startup Policy Forum, said: '100DesiDeepTechs is our vision to identify, mentor, and elevate India's most promising deeptech startups and support them with enabling policy frameworks. We are committed to supporting the government's initiatives to strengthen the deeptech ecosystem, including the ₹1 lakh crore Research, Development, and Innovation (RDI) Scheme and the dedicated DeepTech Fund of Funds—both designed to scale R&D in critical sectors.' Shri Sanjiv, Joint Secretary, DPIIT, shared: 'India's deeptech capabilities are critical to our ambition of becoming a global innovation hub. #100DesiDeepTechs is a timely and targeted initiative that will accelerate our efforts by fostering policy clarity, nurturing breakthrough ideas, and building a strong pipeline of world-class startups.' Panneerselvam Madanagopal, CEO of MeitY Startup Hub, added, 'Deeptech is the next frontier of India's startup journey. Through #100DesiDeepTechs, we aim to identify and support startups at the intersection of science and scalable innovation, co-developing frameworks that serve the nation's strategic interests.' Prof. Thillai Rajan, IIT Madras, commented: "We are excited to collaborate on this national initiative that gives deeptech startups a direct seat at the policy table. It aligns closely with our vision to advance high-impact research and industry partnerships." SPF has roped in several domain experts for executing the initiative and will be partnering with deeptech-focused investors over the next few weeks. The selection process will be led by IIT-Madras, the Policy Whitepaper will be drafted by SPF's knowledge partner Ikigai Law, and the initiative will be managed by policy consulting firm Kaio.
Insights from the Deeptech Dialogues and Deeptech Baithak will inform a strategic policy document to foster innovation, upskilling, and market creation for deep tech in India.
Apply for #100DesiDeepTechs at this link OR send an email to secretariat@indiaspf.org with the Subject: 100DesiDeeptechs.
Applications close on 17th August, 2025.
About Startup Policy Forum Startup Policy Forum (SPF) is an industry body for new-age companies representing 50 of India's largest and fastest-growing startups with a combined valuation of over $80 billion. Leading startups across diverse sectors including fintech, consumer, manufacturing, deeptech and AI are members of SPF. This includes CRED, OYO, Physics Wallah, ixigo, Cars24, Mobikwik, BharatPe, Cardekho, Groww, Zerodha, Swiggy, Razorpay, Dream11, Acko, Pine Labs, Invideo, Digantara among others.
Founded and led by public policy and media professional Shweta Rajpal Kohli, SPF serves as a voice for new-age nation builders and engages in policy advocacy and community-building initiatives. It strives to position Indian startups on a global stage and promote India as an attractive investment destination by bridging the gap between founders, investors, and policymakers.
To View the Image, Click on the Link Below: Startup Policy Forum Launches #100DesiDeepTechs to Shape India's DeepTech Future; Partners With DPIIT, MEITY Startup Hub and IIT-Madras.
(Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.).
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Time of India
32 minutes ago
- Time of India
Explained: What's behind India's ₹1 lakh crore bet on energy R&D — and who will benefit?
New Delhi: The Union Cabinet on July 1 approved the Research Development and Innovation (RDI) Scheme with a total outlay of ₹1 lakh crore. The scheme is aimed at providing long-term financing or refinancing to private companies at low or nil interest rates, primarily in strategic and sunrise sectors. The scheme is designed to address persistent funding constraints in India's research and development ecosystem and to encourage private sector-led innovation, especially in sectors critical to energy transition, decarbonisation, and domestic technology development. Officials said the scheme also seeks to provide growth and risk capital to help commercialise emerging technologies. How it will work The RDI Scheme will be operationalised through a two-tier funding structure. A Special Purpose Fund (SPF) will be set up within the Anusandhan National Research Foundation (ANRF). This corpus will be allocated to second-level fund managers, who will deploy the capital through concessional loans or equity-based support, particularly for startups The Governing Board of ANRF, chaired by the Prime Minister, will define the strategic direction. The Executive Council of ANRF will finalise guidelines, select fund managers, and approve projects. An Empowered Group of Secretaries headed by the Cabinet Secretary will oversee implementation. The Department of Science and Technology will be the nodal ministry. What makes the scheme significant Ashwin Jacob, Partner and Energy, Resources & Industrial Industry Leader, Deloitte India, said: 'The recent approval by Union Cabinet of the Rs 1 lakh crore Research, Development and Innovation (RDI) scheme is both timely and highly significant. The scheme comes at a critical juncture as India accelerates its energy transition aiming for ambitious targets such as 500 GW of non-fossil fuel capacity by 2030 and net-zero emissions by 2070. The scheme is designed to address persistent funding gaps, especially for private sector led R&D in sunrise & strategic sectors by providing long term, low or nil interest loans.' According to Jacob, the RDI scheme is expected to catalyse private investment, promote deep technological innovation and enhance global competitiveness in energy technologies. Vineet Mittal, Chairman, Avaada Group, called the move 'a bold, timely, and visionary step'. He said: 'It sends a strong signal that India is serious about becoming not just a consumer but also a creator of cutting-edge energy solutions. For decades, underinvestment in R&D has held back Indian industry, particularly in sectors like clean energy and emerging fuels like green hydrogen. This initiative recognises that innovation is the foundation of energy security, self-reliance and global competitiveness.' Why funding has been a constraint India's total R&D expenditure is under 1 per cent of GDP. In the energy sector, public and private investment in R&D has remained limited due to lack of patient capital and long gestation timelines. Jacob noted that the ₹1 lakh crore allocation—equivalent to around $12 billion over five years—is a major step up from historical levels and, if deployed efficiently, could address key R&D gaps. Padam Prakash, Partner – Climate and Energy, PwC India, said: 'The scheme's focus on providing long-term, low or nil-interest financing to the private sector is a game-changer. Energy innovation often requires substantial upfront investment and long gestation periods, which private entities in India have historically hesitated to fund due to financial constraints and risk aversion.' How India compares globally Globally, countries like the US and China spend significantly more on energy R&D. According to Prakash, India's gross expenditure on R&D is approximately 0.65-0.7 per cent of GDP, whereas the US spends around 3.5 per cent and China 2.4 per cent. Within India's R&D spending, energy gets less than 10 per cent. Jacob said that while the proposed ₹1 lakh crore corpus is substantial, sustained and increasing investment will be needed to keep pace with rapid technological shifts globally. Vineet Mittal added: 'The ₹1 lakh crore allocation is an excellent start… but it should be seen as a floor, not a ceiling. Global clean energy R&D spending by governments and corporations exceeds $50–70 billion annually. India's ambition to lead the global energy transition will require sustained and growing investment in R&D.' Where the focus areas lie Jacob said that in renewable energy, R&D is required for technologies related to grid integration and smart grids, advanced battery chemistries, recycling of batteries, green hydrogen production and storage, high-efficiency solar PV, offshore wind, and bioenergy. In oil and gas, key areas include carbon capture and storage, renewable fuels for aviation, and digitalisation of upstream to downstream operations. Mittal said: 'In renewable energy, the following areas are critical: advanced solar technologies (perovskites, bifacial, topcon, tandem cells), cost-effective and scalable energy storage solutions, including solid-state batteries and flow batteries, green hydrogen production (improved electrolyser efficiency and lower capex), smart grids and demand-side management technologies.' 'In oil & gas, innovation is needed in: carbon capture, utilisation and storage, alternative fuels such as biofuels and e-fuels, digitalisation, AI-driven optimisation, and methane emissions reduction across the value chain.' Prakash said that R&D is needed in perovskite and tandem solar cells, sodium-ion and solid-state batteries, electrolyser efficiency, low wind-speed and offshore wind turbines, carbon capture, IGCC coal gasification, enhanced oil recovery, LNG infrastructure, and bio-based fuels. Challenges and expectations The experts agree that the RDI Scheme addresses a gap in India's innovation ecosystem but requires careful execution to be effective. Jacob noted that global benchmarking shows higher annual investments. Prakash said that while the scheme is 'a significant step', broader sectoral R&D needs may exceed the current allocation, especially given that the scheme is also expected to support sectors like AI and biotech. Mittal said: 'The real value of this scheme lies in its catalytic potential—to unlock more private capital, foster industry-academia collaboration, and build domestic capability in critical technologies.' The context: India's energy transition goals India has committed to installing 500 GW of non-fossil fuel capacity by 2030 and achieving net-zero emissions by 2070. This requires scaling up renewables, building green hydrogen ecosystems, improving grid resilience, and reducing reliance on imported technologies. Sudhir Pathak, Head- Central Design & Engg (CDE), Green Hydrogen Tech, Hero Future Energies, said: 'This couldn't have come at a more opportune time when India is pushing its net zero ambitions aggressively. History is testimony that all developed economies have deep-rooted orientation towards invention/innovation. The RDI scheme signals a bold commitment to building India's intellectual capital.' Pathak said the scheme will help transition from a manufacturing-oriented economy to one based on invention and innovation. 'It sets the stage for a renewed push toward high-impact research, innovation and all-round transformative technologies to bolster growth innovation across sectors including key driver—the energy sector.' He said the time is right to reimagine India's R&D ambition across battery tech, grid architecture, next-gen solar PV, end-to-end hydrogen technologies, and AI leadership, along with domestic manufacturing. Next steps The operational guidelines for the scheme, identification of fund managers, and sector-specific allocations are expected to be finalised in the coming months. The focus will be on creating a pipeline of investable R&D projects that can scale. The Deep-Tech Fund of Funds to be created under the scheme will also play a role in supporting technology ventures beyond the energy sector. As implementation begins, stakeholders are watching how effectively the ₹1 lakh crore corpus will be deployed, how sectors will be prioritised, and whether the intended innovation outcomes will be realised.
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Business Standard
2 hours ago
- Business Standard
Best of BS Opinion: University-level funding key to India's R&D targets
Hello, and welcome to the Best of BS Opinion, our daily roundup of the day's opinion page. The Research Development and Innovation (RDI) Scheme, which the government announced earlier this week, is an acceptance of the fact that policymakers must find ways to spark innovation and support it with funding. However, a lot will need to be done considering the scheme may not address key concerns about India's research and development (R&D), posits our first editorial. India spends less than 1 per cent of its gross domestic product (GDP) on R&D, compared to 2.5 per cent for both China and South Korea. It has a vast pool of tech graduates, but many migrate abroad or find employment in skill-mismatched roles. Not surprisingly. India ranks 39th on the Global Innovation Index, which is way below its potential. Meanwhile, the US and Japan have had programmes that, along with research institutions and universities, did 'bluesky' fundamental research across many disciplines. In comparison, India lacks both private corporate funding for R&D, as well as funding for such R&D at the university level. RDI may address some of the concerns about private sector research but India must also need to figure out how to channel funding efficiently into fundamental bluesky research in universities and other research organisations. The rise of artificial intelligence, fake news, and deep-fakes pose a clear and present danger to social order and democratic integrity, notes our second editorial. Tackling it will need a careful balance between regulation and free speech principles. In this context, the Karnataka government's draft Bill that allows for jail of up to seven years for fake news and other problematic content is a symbol of legislative over-reach and likely to have a chilling impact on free expression. Given India's biggest constraint in terms of development is bureaucratic and regulatory capacity, it is unfortunate that an increasing amount of this scarce commodity is diverted to channel, influence or restrict the freedom of expression in the country. Unfortunately, authorities in India at all levels have become far too engaged with imposing restrictions on speech. The Union government, too, has at various points amended the Information Technology Rules to give itself broader powers to restrict online platforms. In such an scenario, India's governments must step back and re-examine their approach. The current account deficit poses little concern amid global volatility, but its financing requires close monitoring, write Dharmakirti Joshi and Adhish Verma. Last financial year, India's current account deficit (CAD) came in at a benign 0.6 per cent of gross domestic product (GDP), because both the services trade and secondary income accounts saw a higher surplus. Such low reliance on external financing of CAD is a buffer against volatility in capital flows and attendant currency swings. Meanwhile, S&P Global expects world GDP growth to slow to 2.9 per cent in 2025; this will clearly adversely impact India's exports, even as healthy domestic growth, expected at 6.5 per cent, will support imports. Is that cause for worry for India's current account? Not so much — yet. India's CAD may face marginal pressure this fiscal, but there are no big worries. However, its financing needs monitoring, given volatile foreign capital flows in the light of global uncertainty. However, with comfortable foreign exchange reserves and the expectation of only a marginal rise in CAD, India is in a good position to weather global volatility. The Reserve Bank of India's (RBI's) recent guidelines which cut provisioning requirement on project finance to one per cent from five per cent have been welcomed by most parties. 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The author, who is an actor, fimmaker, and former Naval officer, makes sure to remind readers how to keep themselves safe and watch for dangerous warning signals. The language in the book is straightforward jargon-free, likely because Yadav has also been a screenwriter. Ironically, though, he finds that several criminals learn a lot by just watching B-grade films, particularly those with outlandish and imaginative methods of committing a crime.


Hans India
2 hours ago
- Hans India
Rs 2-lakh-cr boost to jobs, R&D no guarantee of results
The government's decision to boost research & development and employment generation, with a total bill of over Rs 2 lakh crore, is admirable in intent. But how it would realise its goals is a question that experts will ask. The Cabinet on Tuesday approved a Rs 2.07-lakh-crore outlay for a Research, Development, and Innovation (RDI) (RDI) Scheme to fund private sector innovations, along with an employment-linked incentive (ELI) scheme to create over 3.5 crore new jobs over the next two years. This is not the first time the government has announced grand plans to boost manufacturing, innovation, and employment. Similar schemes, such as the Production-Linked Incentive (PLI) Scheme in recent years, although beneficial in specific sectors like electronics and pharmaceuticals, have not yet delivered a transformative impact across the broader manufacturing landscape. The gap between policy announcements and their tangible outcomes continues to be a concern. Manufacturing remains India's Achilles' heel. Despite years of policy pushes under campaigns like Make in India and PLI Schemes, the sector's share in GDP has largely stagnated around 15-17 per cent, far below the government's target of 25 per cent. More worryingly, even where there has been growth, it has often been in sectors that are capital-intensive rather than labor-intensive, thus failing to generate the volume of quality jobs needed to absorb India's vast and growing workforce. This structural challenge is compounded by issues such as poor infrastructure, complex regulatory frameworks, inconsistent policy implementation, and skill mismatches in the labor market. The government's RDI scheme, which seeks to fund private sector innovations, is a step in the right direction because it recognizes that sustainable economic growth must be driven by innovation, particularly in an increasingly knowledge-based global economy. India's investment in R&D as a percentage of GDP has historically lagged behind countries like China, the US, and even smaller Asian economies like South Korea. By directly supporting private sector innovation, the government seems to be moving towards creating an ecosystem where businesses can lead technological advancements rather than relying solely on public sector research bodies. Yet, the success of such a scheme will hinge on how effectively it is designed and implemented. Will the funds be disbursed in a timely, transparent manner? Will small and medium enterprises (SMEs), which are often the backbone of job creation, have adequate access to these incentives, or will the bulk of the benefits accrue to larger corporations with better lobbying power? How will the government ensure that the incentives lead to actual job creation rather than simply subsidizing existing operations? The ELI Scheme also raises similar concerns. The target of creating over 3.5 crore new jobs is ambitious, but previous efforts to incentivise job creation did not result in major success. The government has also not come up with a report of the earlier schemes. How, if at all, did they promote job creation? What lessons have been learnt from them? Employment generation in India today requires a parallel focus on skill development. Even if manufacturing units expand, a shortage of adequately skilled workers may limit the sector's growth potential. The government's skill development initiatives must therefore be closely aligned with the sectors targeted. We only hope that the government has taken cognisance of the fact that large allocations do not automatically translate into measurable outcomes.