India, the new Deep Tech start-up hub

Deep Tech has created a lot of buzz recently in the technology space. A Deep Tech start-up usually makes use of cutting-edge technologies that can have a profound effect on the overall human society.

The potential to revolutionize

Deep Tech is believed to hold potential when it comes to catalyzing disruptive changes in the technology domain. Deep Tech companies are more involved in engineering innovations and scientific discoveries across a range of technological areas. They develop cutting-edge solutions that revolutionize the markets and business processes. These may include innovations in processing or computing architecture, artificial intelligence, deep learning, haptics, vision and/or speech algorithms and so forth. As a result, Deep Tech holds a lot of promise when it comes to impacting healthcare, clean technology, robotics, aerospace, and a host of other areas. This is the basic difference between Deep Tech companies and those that only leverage existing technology and business model innovations to create business opportunities.

India, the new destination

Recently, there has been an increased interest in Deep Tech start-ups in India. Despite lack of a clear understanding of the potential that a Deep Tech start-up holds, the investments in Deep Tech start-ups has registered a steady increase in last few years. After Silicon Valley, the trend is now making its way into India. Although there's ample potential for India Deep tech start-ups, they must live up to the international benchmarks and be able to compete globally.

The article has been written by Neetu Katyal, Content and Marketing Consultant

She can be reached on LinkedIn.