Current Affairs · Government Policies and Schemes

Consider the following statements regarding the eligibility and regulatory framework for 'deep tech' start-ups in India: I. A deep tech start-up, as per DPIIT notifications, must primarily work on producing solutions based on new scientific or engineering knowledge and typically involves long gestation periods with high technical uncertainty. II. The Inter-Ministerial Board of Certification for deep tech recognition is chaired by the Secretary, Department for Promotion of Industry and Internal Trade (DPIIT). III. For the purpose of deep tech recognition, a company must necessarily be less than 10 years old and have an annual turnover not exceeding ₹100 crore. IV. The DPIIT notification allows recognised deep tech start-ups to deploy surplus funds in speculative assets, provided such investments are not central to their business model. How many of the above statements are correct?