Overview
- A DPIIT gazette notification now in force creates a deep tech sub‑category eligible for recognition up to 20 years or until turnover exceeds Rs 300 crore.
- For non‑deep tech entities, the 10‑year recognition period remains, while the turnover cap for startup status rises from Rs 100 crore to Rs 200 crore.
- Deep tech is defined as science‑ or engineering‑led innovation with high R&D intensity, significant IP creation, long gestation periods and heavy capital needs.
- Eligibility for Section 80‑IAC income‑tax benefits requires certification by an inter‑ministerial board with representatives from DPIIT, the Department of Biotechnology and the Department of Science and Technology.
- Compliance is tightened by restricting use of funds to core activities and allowing revocation for false information, and certain cooperative societies are now eligible for recognition.