India's First Private DeepTech Hub Launches in NCR

DeepTech VC (8X Ventures), a DeepTech community enabler (SanchiConnect), and an IP advisory firm (Arctic Invent) have collaborated to launch India's first privately sponsored DeepTech hub. This hub aims to support up to 10 DeepTech startups in its first year without taking equity. The primary goal is to unite members of the thriving DeepTech ecosystem who have graduated from incubation centers but still need ecosystem support to realize their ambitions. The hub collectively aims to mobilize $100 million in the DeepTech sector.

Located in a 7,000+ sq ft area in Noida, the DeepTech Hub has ambitious growth plans. It intends to expand to a 100,000+ sq ft space within the next year to accommodate the increasing interest from startups, VCs, and other ecosystem members. The hub will feature state-of-the-art labs, collaborative workspaces, critical shared resources for scaling DeepTech startups, and exclusive access to industry-leading mentors and experts. This expansion is a testament to the thriving DeepTech ecosystem that the hub aims to foster. For more information, visit www.deeptech.social.

8X Ventures, an early-stage DeepTech VC firm led by Chirag Gupta, recently announced the first close of its second INR 200 crore DeepTech Fund. Their previous fund has invested in companies such as Solinas Integrity, XYMA Analytics, Patherun Technologies, Lightspeed Photonics, and Zenpulsar.

SanchiConnect, one of the largest DeepTech ecosystem enablers in the country, supports over 3,000 DeepTech startups and more than 500 academic incubators, mentors, corporates, institutional funds, and technology partners through its SaaS platform. It frequently runs focused programs with corporations, academic institutions, and VC firms, emphasizing providing funding and market access to startups.

Founded in 2013, Arctic Invent is a leading full-service intellectual property rights (IPR) consulting firm. With over 80 experts and more than 5,000 granted IPRs, it helps businesses globally protect and leverage their innovations and creative works. Partnered with Basck IP Consulting in the UK, Arctic Invent offers comprehensive IP services, transforming intellectual property into valuable business assets in India, Europe, and North America.

Chirag Gupta, Managing Partner of 8X Ventures, highlighted the significance of this moment, stating, "We believe that today's Indian DeepTech innovators will become globally transformative companies tomorrow. This can only happen with adequate support. It's about time that NCR's growing startup ecosystem had a hub like the one we are building."

Dr. Sunil Shekhawat, CEO of SanchiConnect, added, "We are excited to lay the foundation of India's first privately managed DeepTech Innovation Hub. This initiative intends to support the DeepTech ecosystem in the country by offering vital resources to startups that have moved past the incubation phase. We aim to help them focus on their core business and bring their ideas to market steadily."

Mr. Govind Kedia, Managing Director of Arctic Invent, expressed his enthusiasm, saying, "Our goal has always been to help innovators protect and grow their ideas. Now, as part of the DeepTech Hub, our global IP expertise and decades of experience working with DeepTech companies will reach startups in a much more curated and customized form. We are excited to be part of this initiative and look forward to helping DeepTech businesses succeed."

           Hub Goals:

• • Support up to 10 DeepTech startups in the first year
  • Raise $100 million for the DeepTech ecosystem
  • Provide resources to help startups scale their businesses
  • Connect startups with mentors and industry experts

    Hub Location and Expansion Plans:

    • Currently operates in a 7,000 square foot space in Noida
    • Plans to move to a 100,000 square foot space within a year