Deep-Tech Startups

Prime Minister Narendra Modi addressed the Emerging Science, Technology and Innovation Conclave (ESTIC) 2025 at Bharat Mandapam on Nov 3, highlighting India’s growing leadership in science, technology, and innovation. Welcoming participants from India and abroad — including scientists, innovators, academics, and policymakers — the Prime Minister celebrated India’s landmark achievements in both sports and science. Opening his remarks, PM Modi congratulated the Indian women’s cricket team for their historic ICC Women’s World Cup victory, saying the nation was “immensely proud” of their achievement, which will inspire millions of young Indians. The Prime Minister also hailed India’s scientists for successfully launching the heaviest communication satellite, commending ISRO for its continued contribution to India’s space advancements. He noted that both achievements reflected India’s growing spirit of excellence and innovation. R&D Boost: ₹1 Lakh Crore RDI Scheme Announced Underscoring the government’s commitment to strengthening India’s research ecosystem, PM Modi formally launched the ₹1 lakh crore Research, Development and Innovation (RDI) Scheme Fund, designed to boost private sector–led R&D. He emphasized that, for the first time, capital will be made available for high-risk, high-impact research projects, and reaffirmed that the government is “building a modern innovation ecosystem” by easing financial rules, procurement norms, and regulatory frameworks to accelerate the journey from lab to market. He also referred to the establishment of the Anusandhan National Research Foundation (ANRF) to expand research and innovation across Indian universities. India’s Innovation Momentum PM Modi highlighted India’s transformation into a global innovation hub — noting that R&D spending has doubled in the past decade, patent registrations have risen 17-fold, and India now ranks as the world’s third-largest startup ecosystem. Over 6,000 deep-tech startups are driving progress in areas such as clean energy, materials science, and semiconductors, while India’s bio-economy has grown from $10 billion in 2014 to $140 billion today. He said, “India is no longer a consumer of technology — it is a driver of technological transformation,” citing the nation’s indigenous vaccine success during the COVID-19 pandemic and the reach of its Digital Public Infrastructure, which connects over two lakh gram panchayats with optical fibre. Empowering Women in Science Highlighting inclusive innovation, the Prime Minister celebrated the rising participation of women in STEM. He noted that women now make up 43% of STEM students in India — above the global average — and that annual patent filings by women have increased from fewer than 100 to over 5,000. He added that Indian women scientists are now at the forefront of space research and innovation. Encouraging the Next Generation PM Modi underscored the importance of nurturing scientific curiosity among youth. Recalling the public excitement around Chandrayaan and the recent Indian space station mission, he said these moments have inspired young minds to explore science. He announced plans to expand Atal Tinkering Labs from 10,000 to 25,000 labs, giving over one crore students a platform for hands-on innovation. The Prime Minister also shared that 10,000 new research fellowships will be awarded over the next five years under the Prime Minister’s Research Fellowship to further empower young scientists. India’s Vision for Ethical AI and Future Technologies Speaking about the future of emerging technologies, PM Modi stressed that science and technology must remain ethical, inclusive, and human-centric. He cited the India AI Mission, with an investment of ₹10,000 crore, aimed at making AI accessible and beneficial for all. He also announced that India will host the Global AI Summit in February 2026, focusing on inclusive and safe AI governance. Calling for innovation in critical areas such as nutrition security, biofortified crops, clean energy storage, bio-fertilisers, and genomic medicine, the Prime Minister urged scientists to work towards achieving self-reliance in key inputs and technologies. Concluding his address, PM Modi invoked the spirit of “Jai Vigyan, Jai Anusandhan”, reaffirming the government’s full support for researchers and innovators. He expressed confidence that the outcomes of ESTIC 2025 will chart a new roadmap for India’s scientific and technological future. Source: PIB