India's DeepTech Ecosystem on the Rise

Innovations and Initiatives Innovations and Initiatives

Posted by NewAdmin on 2025-02-06 09:07:09 |

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India’s deep tech ecosystem stands at a cornerstone of explosive growth fueled by the synergy of cutting-edge science and entrepreneurial zest to craft solutions for complex global challenges. Deep Tech spans Artificial Intelligence/ Machine Learning, Internet of Things (IoT), Blockchain, Big Data & Analytics, Augmented Reality/ Virtual Reality (AR/VR), Robotics, 3D printing, Drones, and beyond.

India with its unique blend of growth of talent, ambition and government support has become a crucible for transformative ideas in Deep Tech. However, to assert global leadership amplifying advancements, clear policy definitions and strategic focus areas should be a priority for this year in Budget 2025.

India’s DeepTech ecosystem, though nascent compared to the global market, shows immense growth potential. “India saw over 3,600 DeepTech start-ups, with 480 established in 2023 – a 2x increase from 2022”, according to NASSCOM’s ‘India’s DeepTech Dawn: Forging Ahead’ report. While India is ranked as the third-largest start-up ecosystem, DeepTech stands at the 6th position at a global level.

The government of India is encouraging the growth of this ecosystem with focused initiatives, such as the Draft National DeepTech Start-up Policy, the setting up of an INR 1 lakh crore corpus for the interim budget 2024, and the recent announcement of a Rs. 1,000 crore Venture Capital Fund for the Space Sector, underscoring this commitment.

Programmes such as the Atal Innovation Mission, Niti Aayog initiatives, and Start-up India are further strengthening the ecosystem with accelerators and incubators. Partnerships between top-tier academic institutions and corporates in AI/ML, robotics, and quantum computing are also driving significant growth. DeepTech companies with cutting-edge patented IP are becoming compelling investment opportunities. The rapid pace of deep tech innovations is creating major opportunities but also posing significant challenges around infrastructure modernization, talent attraction and retention. The complex nature of DeepTech also underscores the critical need for robust intellectual property protection.

Developing the DeepTech ecosystem is crucial for the next generation of innovation and impact. While a growing number of investors and founders are building DeepTech companies, the long gestation period for returns on investments and the inherent business uncertainties make it challenging. Therefore, long-term and patient capital is essential for the success of these ventures.

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