25/12/2024
Tech Sector on Growth Path:
The deep tech startups ecosystem in India is slated to keep growing, with average deal sizes at the seed-funding stage increasing every year, according to a report by Speciale Invest and Oister Global.
From Code to Cosmos: India’s Deep Tech SurgeSeed investments in India’s deep tech sector have surged 5.3X in 8 years—but the average seed cheque is still 50% lower than global standards. The potential is immense, and the time to act is now.Key drivers of this revolution:▪️ Green Hydrogen: Leading the global energy transition▪️ Generative AI: Transforming industries▪️ Space Tech: Startups like AgniKul Cosmos targeting 10% of the $700B space economy▪️ Biotechnology: Addressing global challengesWhat’s fueling growth?▪️ IITs & IISc turning research into commercial tech▪️ Government initiatives like the National Deep Tech Startup Policy▪️ Private capital backing innovations in energy, healthcare, and advanced manufacturingChallenges remain—capital intensity, market adoption risks—but with R&D investment, non-dilutive funding models, and a supportive ecosystem, India is set to lead the global deep tech revolution
