NASSCOM All Set To Mentor 30 Growth-Stage Deep Tech Start-ups

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Technologies such as artificial intelligence (AI), Internet of Things (IoT), Blockchain, Machine Learning (ML), and virtual reality (VR) are leading the startup space and attracting interest and activity.

Industry body NASSCOM will mentor 30 growth-stage deep tech start-ups from the National Capital Region, Bengaluru, Hyderabad, and Mumbai, in the third phase of its deep tech mentorship programme, reported livemint.

According to Nasscom, there has been a spurt in funding in deep tech startups, as investor interest in niche products and platforms has increased significantly. Technologies such as artificial intelligence (AI), Internet of Things (IoT), Blockchain, Machine Learning (ML), and virtual reality (VR) are leading the startup space and attracting interest and activity.

K S Viswanathan, Nasscom’s Vice President, Industry Initiatives told livemint that they have launched the 10,000 Start-ups program six years ago, to help start-ups in the ideation and concept stages and to become product ready. After five or six years, we started the Accelerate 10X program. As a prelude to that, we started the DeepTech Club to identify potential start-ups in deep tech areas.

He further stated that the new cohort has startups that are three to five years old, from retail, fintech, medtech, healthtech, clean tech, and some working in areas such as computer vision and deep learning

These are mostly in the business-to-business segment, working in the areas of analytics, AI, Augmented Reality (AR), VR and IoT.

Source:Livemint

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