The big leap: Deep-tech and sovereign cyberspace
THE Indian startup ecosystem has a good number of deep-tech startups. As per Nasscom’s Indian tech startup ecosystem report 2019, 18% of all startups in India are into deep-tech. This translates to over 1,600 out of the overall 9200 startups that came up between 2014-2019, growing at a CAGR of 40%. The technologies these startups focus on include AI, ML, AR/VR, Blockchain, and IoT, to name a few. These are spread across industries such as fintech, healthtech, consumer wearables, agritech, and more.
“The availability of large volumes of data in the last few years and improvement in computing power of devices are important factors behind deep-tech gaining momentum.