New Delhi, Feb. 7 -- The Indian government has, for the first time, formally defined deep-tech startups, expanding the scope of benefits available to research-intensive ventures. Under a revised framework notified by the Department for Promotion of Industry and Internal Trade (DPIIT), deep-tech startups will now be eligible for recognition for up to 20 years from incorporation, with an enhanced annual turnover ceiling of Rs.300 crore.

The notification, issued recently and signed by Sanjiv, Joint Secretary at DPIIT under the Startup India programme, supersedes the February 19, 2019 startup definition and comes into effect immediately. It introduces a distinct regulatory framework for deep-tech ventures, recognising their longer developmen...