The Securities and Exchange Board of India (SEBI) has announced the formation of a working group tasked with reviewing the Innovators Growth Platform (IGP) framework. This initiative aims to enhance capital market access for deep-tech and other innovation-driven firms by evaluating various aspects of the existing framework, including listing eligibility, investor participation, pricing, and disclosure norms.

The working group will closely examine the current eligibility and listing requirements of the IGP, focusing particularly on its applicability to research-stage, pre-revenue, intellectual property-led, and technology-intensive enterprises. This review is expected to address the unique challenges faced by such companies in accessing capital markets, thereby fostering innovation and growth in the sector.S2

By refining the IGP framework, SEBI aims to create a more conducive environment for innovative firms to thrive, potentially leading to increased investment and development in technology and research sectors. The outcomes of this review will be crucial for shaping the future of capital market participation for startups and other emerging businesses in India.S1S2