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'Revolutionary': Investor's jibe at India’s low R&D spending amid debate on deep tech priorities

Business Today

Business Today · 4m ago

'Revolutionary': Investor's jibe at India’s low R&D spending amid debate on deep tech priorities

The article discusses criticism levied at India's relatively low investment in research and development (R&D), despite Prime Minister Narendra Modi's commitment to revolutionary advancements in deep tech. Innovators and investors have pointed out that a proposed investment of Rs 10,000 crore ($1.2 billion) would not significantly impact the percentage of GDP allocated to R&D. This debate highlights the challenges and discussions surrounding India's prioritization and funding of technological innovation.

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'Can we build new IITs by just watching IPL?': IITian calls out India’s funding priorities

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Business Today · 2m ago

'Can we build new IITs by just watching IPL?': IITian calls out India’s funding priorities

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Economic Times

Economic Times · 1m ago

KPIT CEO calls for increased R&D, deeptech investments - The Economic Times

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Can Budget's R&D Push Transform India Into A Product Economy?

Inc42 · 1y ago

Can Budget's R&D Push Transform India Into A Product Economy?

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Budget 2024: India’s deep-tech wants more patient capital

OutlookIndia

OutlookIndia · 1y ago

Budget 2024: India’s deep-tech wants more patient capital

India's deep tech industry is looking forward to Budget 2024, with hopes for more patient capital and sector-specific support initiatives. The government aims to promote deep tech as the focus of Startup India's second phase, with a focus on innovation and indigenous R&D capabilities. However, experts suggest that the lack of timely and substantial funding is hindering the sector's growth potential. They recommend exclusive schemes for deep tech, similar to the Production-Linked Incentive (PLI) schemes, and support for micro-VCs to drive investments at early stages. Additionally, there is a need for clear priorities and increased funding in specific areas within the deep tech sector.

₹20,000 crore allocated to DST to kickstart ₹1 lakh crore research and development fund

Livemint

Livemint · 6m ago

₹20,000 crore allocated to DST to kickstart ₹1 lakh crore research and development fund

Union Finance Minister Nirmala Sitharaman allocated ₹20,000 crore to the Department of Science and Technology to kickstart a ₹1 lakh crore research and development fund. This aims to promote private sector-driven innovation, particularly in deep tech and sunrise sectors. The initiative addresses concerns over low private sector investment in R&D, despite government incentives. Budget allocations for various departments like Biotechnology and Space were increased to support this strategic autonomy in key technology sectors.

DPIIT Reveals Plans For Separate Policy For Deep Tech Start-ups

Inshorts · 1y ago

DPIIT Reveals Plans For Separate Policy For Deep Tech Start-ups

DPIIT plans to introduce a separate policy and funding mechanism for deep tech start-ups in India. DPIIT Secretary RK Singh cited the need for a distinct framework to cater to the intensive R&D and innovation requirements of deep tech firms. The proposal includes establishing separate funding avenues for deep tech start-ups, which often require longer gestation periods and more support.

Tata, Adani have funds for deep tech R&D in India: Bikhchandani

Inshorts · 3m ago

Tata, Adani have funds for deep tech R&D in India: Bikhchandani

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India to lead next evolution of technology, says Nvidia South Asia MD

YourStory

YourStory · 11m ago

India to lead next evolution of technology, says Nvidia South Asia MD

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YourStory

YourStory · 1d ago

India set to boost manufacturing share to 3% of global trade in five years: Accel

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Japan's deep-tech startups eye IIT talent

Inshorts · 1y ago

Japan's deep-tech startups eye IIT talent

At the NEDO IIT-Delhi Japan Deep-Tech Collaboration event, NEDO Director General Takeshi Yoshida shared his plans to partner with IIT Delhi's talented students for Japanese deep-tech startups. NEDO, Japan’s national R&D agency since 1980, has supported about 1,000 startups globally with subsidies of up to $18 million. This collaboration aims to boost innovation and growth for both nations.

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