- How startups are leveraging deep tech knowledge to power ahead
Technologists and scientists who have worked with R&D units of tech giants or at top academic institutes are branching out.
- The next could well be a slew of companies with deep scientific expertise developing solutions for the world, out of India.
- Ventures such as Niramai, Sig-Tuple, Agnikul, Scapic and Alphaics, are developing tech-centric products, tools and solutions from their India labs.
- They aren’t interested in vanity metrics such as GMV [gross merchandise value], or ARR to judge the growth of our investments,” says Som Pal Choudhary, cofounder of the Bharat Innovation Fund (BIF), based in the Centre for Innovation Incubation and Entrepreneurship at the Indian Institute of Management, Ahmedabad.
- CIIE has had a presence as a mentor and early investor in startups [including the $20 million Infuse Ventures, focused on clean energy companies] since 2006, and with its latest iteration, made a broader, bolder bet on these deep-tech ventures.
- These firms mark the next evolution of India’s startup story,” says Sateesh Andra, founder of Endiya Partners.
Read full article: economictimes.indiatimes.com