Founded in 1971 and based in New Delhi, the Department of Science and Technology plays a crucial role in advancing science and technology in India. It supports and funds startups, with a focus on medical device and emergency medicine sectors. The department typically invests in startups that are 4-5 years old and has a track record of committing exits more frequently than other organizations. Its investments range from $100,000 to $1 million and it participates in less than 2 investment rounds annually.