Fostering innovation in business models and deep technology

Indian Startup Ecosystem’s Shift to DeepTech

• Indian Minister for Commerce and Industry Piyush Goyal emphasizes the need for India to shift its focus from surface-level innovation to DeepTech.

• DeepTech, a technology based on scientific discovery, engineering excellence, and fundamental research, is the next frontier.

• DeepTech involves building from scratch, failing repeatedly, and pushing the boundaries of what is possible.

• Five core pillars must align: a product mindset, R&D culture, technical depth, the educational ecosystem, and supportive government policies.

• Multidisciplinary collaboration is essential, with college projects involving multi-disciplinary student participation.

• Smarter government support is necessary, with funding restricted to startups only inside incubators.

• The government must create shared facilities and affordable, high-quality spaces for prototyping and testing.