Five Trends Impacting the Evolving Deep Tech Ecosystem in India

1. Deep Tech, also known as “Deep Technology”, is a term used to describe cutting-edge technologies that are at the forefront of industry innovation. Deep Tech startups are those that focus on developing these innovative technologies, and they can be found in countries all over the world. India is no exception, and the Deep Tech ecosystem in India is evolving rapidly. Here are five trends that are impacting the Indian Deep Tech ecosystem: 1.The growth of investor interest in Deep Tech startups 2.The increasing number of Deep Tech accelerators and incubators 3.The emergence of sector-specific Deep Tech hubs 4.The development of key partnerships between Indian and global players 5.The growing demand for skilled Deep Tech talent 1) The growth of investor interest in Deep Tech startups: Deep Tech startups are attracting increasing amounts of investment from both Indian and global investors. In 2018, Deep Tech startups in India raised a total of US$1.2 billion from venture capitalists, with US$837 million coming from Indian investors and US$373 million coming from global investors. This represents a significant increase from the US$100 million that was raised by Deep Tech startups in India in 2015. 2) The increasing number of Deep Tech accelerators and incubators: There is an increasing number of Deep Tech accelerators and incubators in India that are helping to support and grow the ecosystem. These include organisations such as Microsoft Accelerator, Tata Elxsi’s Deep Tech incubator, and Indian Angel Network’s Deep Tech Fund. 3) The emergence of sector-specific Deep Tech hubs: Several sector-specific Deep Tech hubs are emerging in India, such as the Bangalore- based startup accelerator Prime Focus Lab, which focuses on startups working in the media and entertainment industry. This is indicative of the growing maturity of the Deep Tech ecosystem in India. 4) The development of key partnerships between Indian and global players: There has been a growth in partnerships between Indian and global Deep Tech players. For example, in 2018, Microsoft India partnered with Indian startup accelerator Axilor Ventures to support Deep Tech startups in India. This is a positive trend as it helps to bring global expertise and resources to the Deep Tech ecosystem in India. 5) The growing demand for skilled Deep Tech talent: There is a growing demand for skilled Deep Tech talent in India. This is being driven by the need for organisations to develop innovative technologies that can help them to stay ahead of the competition. As a result, there is an increasing number of job openings for roles such as data scientists, machine learning engineers, and artificial intelligence experts.

2. The Deep Tech ecosystem in India is evolving rapidly and is being impacted by a number of positive trends. These trends are indicative of the growing maturity of the ecosystem and the increasing investment that is being made in Deep Tech startups in India. As the ecosystem continues to grow and develop, we can expect to see even more innovative Deep Tech startups emerge from India. #Deep Tech startups in India