How are deep tech investments growing in India
Investments in deep technology in India have been doubling every three years and have crossed $1 billion between 2021-23, according to a report.
- Investments in deep tech in India have been growing rapidly, doubling every three years.
- Between 2021-23, deep tech investments in India have crossed $1 billion.
- This growth can be attributed to various factors, such as a rise in the number of startups focusing on deep technology, increased government support, and a growing interest from investors.
- Deep tech refers to technologies that are based on scientific discoveries and engineering innovations, such as artificial intelligence, robotics, blockchain, and biotech.
- Investors are increasingly recognizing the potential of deep tech solutions to address complex challenges and disrupt various industries.
- The COVID-19 pandemic has also accelerated the adoption of deep technology, leading to increased investments in areas like healthcare, remote work, and digital transformation.
- The Indian government has introduced initiatives like the National Policy on Software Products and the National Mission on Interdisciplinary Cyber-Physical Systems to promote deep tech innovation and entrepreneurship.
- With a large pool of engineering and technical talent, India is well-positioned to become a global hub for deep tech innovation and investments.
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