Interaction with Commerce Minister Shri Piyush Goyal
Exchanging Crucial Policy Measures to Strengthen the DeepTech Ecosystem
It was a true privilege for Cellverse to be selected among the exclusive cohort of 35+ DeepTech and semiconductor startups interacting directly with the Union Minister of Commerce & Industry, Shri Piyush Goyal, at a pivotal roundtable hosted by TiE Bengaluru. As an early stage deep medtech startup developing digital twins of human diseases for non-animal disease models, the experience of having the Minister himself lend his ears to deeptech startups exclusively for 3 hours affirms the belief that this is truly the Amrit Kaal for deeptech businesses in India. 🚀
The Minister affirmed that, in line with Prime Minister Shri Narendra Modi's vision for a Viksit Bharat @2047, the government is actively working to cultivate a future-ready, innovation-led economy.
Key Highlights & Takeaways
- ✓Extend Startup India benefits beyond the 10-year limit for DeepTech ventures.
- ✓Improve clarity on grant accounting and FCRA rules for R&D funding.
- ✓Introduce targeted tax incentives to encourage private investment in innovation.
- ✓Ensure greater flexibility in fund regulations and reform DSIR registration norms for early-stage startups to access R&D-linked benefits.
“Observing Mohandas Pai sir and Madan Padaki sir steer conversations on the future, challenges, and aspirations of the deep tech startups with Piyush sir was a masterclass in leadership. They navigated deep policy waters with such an incredible and sophisticated sense of humour...”
Collaborators & Tags
TiE Bengaluru · C-CAMP · Startup India · Department for Promotion of Industry and Internal Trade