A Tab on Deep-Tech


Sujith Vasudevan, Managing EditorMost of the world's pressing problems are multifaceted, even beyond the business realm. They are often rooted at the intersection of engineering, sciences, hardware, and software. This predicament calls for the intervention of deep-technology (deep-tech) solutions. It's no wonder that deep tech markets are flaring in magnitude across the globe. Artificial Intelligence is an excellent example of this. According to Gartner, the artificial intelligence (AI) software market will reach almost $134.8 billion by 2025, growing at a CAGR of 31.1 percent till 2025 and considerably outpacing the overall software market growth.

India is making the most out of this opportunity through the combined efforts of investors, private companies, academia, and the government. In fact, some of the initiatives that endeavor to create a thriving deep tech ecosystem in the country are the AIM PRIME (Program for Researchers in Innovation, Market Readiness, and Entrepreneurship) program by NITI Aayog, NASSCOM DeepTech Club (DTC), and India DeepTech.

AIM PRIME aims to promote early-stage science-based, deep technology ideas to market through training and guidance over 12 months using a blended learning curriculum. DTC is on a mission to nurture, build and promote 1000 deep tech product startups in India by 2025. India DeepTech is a pan-industry alliance to promote deep tech startups formed by India's leading deep tech startups, incubators, and venture capital funds involved in working with such startups. Well, India is just an example, other Asian countries, including the Arabian Peninsula is making great strides on the same ground. It's imperative that the tech leaders and Chief Information Officers (CIOs) keep a tab on such startups, foreseeing the partnership prospects, in order to ensure they deliver outcomes that support the contemporary goals of the business.

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