The Centre has revised its eligibility criteria for deep-tech startups viewing to secure financial assistance from the Department of Scientific and Industrial Research. This initiative was announced by Union Science and Technology Minister Jitconcludera Singh during the 42nd foundation day celebration of DSIR.
Significantly, the three-year viability requirement has been eliminated, allowing startups to avail financial assistance of up to Rs 1 crore much earlier in their journey under DSIR’s Industrial Research and Development Promotion Program (IRDPP). This shift is expected to expedite the growth trajectory of emerging startups by accelerating their scalability.
Minister Singh highlighted that while the substantial Rs 1 lakh crore Research, Development and Innovation fund tarreceives startups with technological achievements, a wide array of schemes remain in place for early-stage innovators and entrepreneurs. The adjustment aims to offer vital early-stage momentum, fostering innovation across the sector.
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