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IAI’s NeuSPHERE unveils opportunities for Indian deeptech startups

YourStory

YourStory · 7m ago

IAI’s NeuSPHERE unveils opportunities for Indian deeptech startups

Israel Aerospace Industries (IAI) has launched NeuSPHERE, its first innovation acceleration program in India, targeting deeptech startups. This initiative aims to foster collaboration, offer mentorship, networking, and financial opportunities, including a $15,000 prize and up to $300,000 for a Proof of Concept (PoC). The program seeks startups with expertise in areas like AI, XR, quantum tech, and more, with applications open until February 6, 2025, and the program culminating on August 20, 2025.

Related News

India’s Deeptech Problem: Where Are The VCs Backing Startups Creating IP, Innovation?

Inc42 · 10m ago

India’s Deeptech Problem: Where Are The VCs Backing Startups Creating IP, Innovation?

- Lack of focus on building deeptech and generative AI solutions in India - Indian startups mostly rely on existing IP and technology to build on top of - Late adoption of technology compared to the Western countries - Indian startups mostly cater to Indian problems and consumers, focusing inwards rather than outwards - Deeptech startups have higher chances of receiving follow-on investments due to their technological differentiators and scalability opportunities - Innovation in Indian startups mostly seen in business and commercial models, rather than in technology itself.

Unleashing India’s Deeptech Potential: A Journey Towards Innovation

Inc42 · 1y ago

Unleashing India’s Deeptech Potential: A Journey Towards Innovation

The Indian government has approved an investment of INR 10,372 Cr over five years for the India AI Mission, with a strategic allocation of nearly INR 2,000 Cr specifically for deeptech startups. This marks a significant boost for the Indian startup ecosystem and highlights the government's commitment to fostering innovation in AI and deeptech. With over 3,000 deeptech startups in India, there is a promising landscape for investment. Technologies like AI and machine learning have the potential to revolutionize sectors such as healthcare, education, banking, and manufacturing. However, deeptech startups often face challenges in securing financial backing, making increased investment crucial for their success.

India with 3,600 deeptech startups ranks 6th globally: Nasscom

Inshorts · 1y ago

India with 3,600 deeptech startups ranks 6th globally: Nasscom

India, with more than 3,600 deeptech startups, ranked 6th among the top nine deeptech ecosystems in the world (excluding China) in 2023, a Nasscom report said. Of the 3,600 startups, 480 were founded last year. The Indian deeptech startups cumulatively raised $10 billion in the last five years, of which $850 million was raised in 2023 itself.

Tech startup funding rose 23% in 2024, deeptech saw 78% boost: Nasscom report

Economic Times

Economic Times · 4m ago

Tech startup funding rose 23% in 2024, deeptech saw 78% boost: Nasscom report

In 2024, funding for Indian tech startups rose 23% to $7.4 billion, with deeptech startups appreciating a 78% growth to $1.6 billion, according to a Nasscom-Zinnov report. Over 2,000 new startups emerged, doubling from 2023, with 44% from non-tier-1 cities. Artificial intelligence attracted 87% of deeptech investments. Challenges like talent shortages and complex regulations persist, despite 12 tech IPOs. Future focus will be on deeptech commercialization and expanding beyond tier-1 hubs.

How Public Contracts Are Powering India’s Deeptech Revolution

Inc42 · 1y ago

How Public Contracts Are Powering India’s Deeptech Revolution

70% of Indian deeptech startups face funding challenges, as R&D spending in India is only 0.7% of GDP. However, the StartUpIndia initiative has helped to secure INR 960 Cr of funding for startups. The government has also introduced a policy draft to boost the deeptech ecosystem, with plans for a common grant framework across ministries.

Tech startup funding rose 23% in 2024, deeptech saw 78% boost: Nasscom report

Economic Times

Economic Times · 4m ago

Tech startup funding rose 23% in 2024, deeptech saw 78% boost: Nasscom report

In 2024, Indian tech startup funding rose by 23% to $7.4 billion, with deeptech startups seeing a 78% boost, raising $1.6 billion. Over 2,000 new tech startups were founded, including many outside tier-1 cities, fostering a national innovation ecosystem. Challenges include understanding deeptech valuations, better collaboration, and regulatory complexities. The report highlights the need for increased R&D investments and a focus on deeptech commercialization, AI advancements, and scaling beyond major hubs.

Nasscom Launches InnoTrek 2025 to Take 27 Indian Deeptech Start-Ups to the USA – Outlook Business

OutlookIndia

OutlookIndia · 12d ago

Nasscom Launches InnoTrek 2025 to Take 27 Indian Deeptech Start-Ups to the USA – Outlook Business

Speciale Invest has successfully closed a ₹600 crore fund aimed at bolstering India's burgeoning deeptech start-ups. This funding initiative coincides with NASSCOM's launch of InnoTrek 2025, taking 27 Indian deeptech start-ups to the USA for enhanced exposure. These efforts signify a robust commitment to nurturing India's deeptech ecosystem by providing necessary financial resources and international networking opportunities, fostering growth and innovation in a rapidly evolving technological landscape.

Startup Mahakumbh: Deeptech Pavilion To Showcase Innovations, Foster Collaboration

Inc42 · 1y ago

Startup Mahakumbh: Deeptech Pavilion To Showcase Innovations, Foster Collaboration

The deeptech pavilion at the Startup Mahakumbh event in India, organised by ASSOCHAM, Nasscom, Bootstrap Incubation & Advisory Foundation, TiE, and IVCA, will provide a platform for Indian startups to showcase their innovations. Led by Nasscom, the pavilion will feature approximately 34 deeptech startups and will host panel discussions and fireside chats with industry experts on topics such as research funding models, intellectual property protection, and attracting and retaining talent in the deeptech sector. The event aims to raise awareness about deeptech and its potential to transform various industries in India.

‘Invested in 18 deeptech cos over the past 5 years’: Info Edge's Bikhchandani on India’s deeptech debate

YourStory

YourStory · 4m ago

‘Invested in 18 deeptech cos over the past 5 years’: Info Edge's Bikhchandani on India’s deeptech debate

Info Edge founder Sanjeev Bikhchandani highlights the firm's investments in 18 deeptech companies over five years, underscoring the need for Indian startups to focus more on deeptech and AI. Through subsidiaries, the company supports ventures in diverse fields like drug discovery and spacetech. Bikhchandani stresses the strategic importance of deeptech for national progress and suggests large conglomerates and government participation to bridge funding gaps, as these ventures require extended timelines and significant resources.

i-Hub Gujarat partners with SanchiConnect to launch deeptech accelerator for startups

IndianStartupNews

IndianStartupNews · 23d ago

i-Hub Gujarat partners with SanchiConnect to launch deeptech accelerator for startups

i-Hub Gujarat has partnered with SanchiConnect to launch TattvaX, a 90-day accelerator targeting deeptech startups focusing on AI, machine learning, and hardware-software integration. The program includes workshops, mentorship, and investor engagements, culminating in a Demo Day for startups to pitch their innovations. The initiative aims to bridge startups with industry experts and opportunities, fostering the development of scalable B2B solutions. i-Hub Gujarat has supported over 620 startups, with significant contributions to women's entrepreneurship.

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