Centre Relaxes Eligibility Norms for Deep-Tech Startups Seeking DSIR Funds
2 days agoBusiness
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5 SourcesNew Delhi, India
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Centre Relaxes Eligibility Norms for Deep-Tech Startups Seeking DSIR Funds

The Indian government has relaxed norms for deep-tech startups seeking financial assistance from the Department of Scientific and Industrial Research (DSIR). Union Minister Jitendra Singh announced the removal of the mandatory three-year viability criteria for startups to receive up to Rs 1 crore under the Industrial Research and Development Promotion Program. This change aims to accelerate the growth of deep-tech companies by allowing them to access funds earlier, provided they meet technological maturity standards. The move is expected to boost opportunities for young innovators and entrepreneurs.

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