RT team
A recent report titled India’s Deep Tech Revolution by Speciale Invest and Oister Global highlights India’s rapid ascent as a global leader in deep tech, with advancements in artificial intelligence (AI), green hydrogen, space technology, and biotechnology. These innovations are projected to play a critical role in India’s ambition to reach a $7 trillion economy by 2030, with the potential to secure 10% of the $700 billion global space economy by the decade’s end.
The report attributes this growth to returning Indian-origin scientists, strong academic institutions, and increased private capital investment. Key policies, such as the National Deep Tech Startup Policy and BIRAC programmes, are driving commercial tech development. Institutions like IITs and IISc are pivotal in translating research into market-ready innovations.
However, the sector faces challenges, including high capital demands, technology validation hurdles, and market adoption risks. The report suggests that founders build diverse teams and focus on intellectual property development. Alternative funding models, such as grants and debt financing, are recommended to address funding gaps.
Vishesh Rajaram, Managing Partner at Speciale Invest, noted that India’s deep tech sector is at a transformative juncture. With the right support, the country has the potential to address global challenges and establish itself as a leader in science-driven innovation. He called for collaboration among entrepreneurs, investors, and policymakers to unlock India’s full potential and solidify its position in the global deep tech landscape.
Source: Times of India
