Deep tech refers to technology driven by scientific research and innovation, fostering breakthrough solutions across various sectors. It includes advancements in processing, computing, and decision-making capabilities, enabling new designs, algorithms, and techniques.
India’s deep-tech ecosystem is rapidly evolving, with entrepreneurs venturing into uncharted territories. Historically known for software and consumer internet, the country’s focus has shifted to deep tech, addressing global challenges like climate change, healthcare, and sustainable energy. Unlike traditional models that replicate existing solutions, Indian deep-tech start-ups are pioneering new paradigms, offering first-of-its-kind innovations.
With around 4,000 deep-tech start-ups currently operating, India’s ecosystem is projected to grow to 10,000 by 2030, as per the Department for Promotion of Industry and Internal Trade (DPIIT). Start-ups like Skyroot Aerospace, which launched India’s first private rocket, and ideaForge Technology, a leader in UAV manufacturing, are setting global benchmarks. Companies such as QNu Labs (quantum-safe cryptography) and BosonQ Psi (quantum computing for simulation) highlight India’s leadership in emerging fields.
Government initiatives like the National Mission on Quantum Technologies and the draft National Deep Tech Start-up Policy 2023 are nurturing this growth. The Anusandhan National Research Foundation’s `1 lakh-crore fund ensures that innovations align with national priorities.
Globally, deep tech now accounts for 20% of venture capital investments, with start-ups raising $40 billion in 2023 alone. India’s focus on AI is evident through initiatives such as AI research institutes and start-ups like Gnani.ai and Observe.AI, which are revolutionizing customer service and AI-powered engagement. Additionally, electric vehicle innovations by Cell Propulsion and biotech advancements by Biocon and Syngene showcase India’s growing impact across sectors.
Challenges remain, including regulatory hurdles, talent retention, and securing long-term investment for deep-tech R&D. However, with a strong STEM foundation, thriving start-up culture, and government support, India is poised to be a leader in the deep-tech revolution.
India’s deep-tech innovators are not just aiming for financial success—they are driven by a mission to solve complex global challenges, setting the stage for technological leadership in the years to come.
