India’s first privately funded DeepTech hub has been launched by DeepTech VC (8X Ventures), an IP advisory firm (Arctic Invent), and a DeepTech community enabler (SanchiConnect). In the first year, the hub will work with up to ten DeepTech businesses without diluting equity. The DeepTech Hub goal is to connect members of the vibrant DeepTech community, DeepTech Startups who have completed their graduation at incubation centers but still want ecosystem assistance to realize their aspirations. The hub’s collective goal is to mobilize $100 million for the DeepTech ecosystem.
The Growing DeepTech Hub Facility
The DeepTech Hub has big expansion goals and occupies more than 7,000 square feet in Noida. In order to handle the increasing interest from startups, VCs, and other ecosystem members, it plans to relocate to a facility larger than one hundred thousand square feet within the next year.
Modern labs, group work areas, vital shared resources for DeepTech startup scaling, and unique access to top mentors and experts in the field will all be available at The Hub. The Hub’s growth is evidence of the vibrant DeepTech scene in the region it seeks to support. We are eager to watch it develop. Interests are being gathered by the Hub at www.deeptech.social – mentioned its official release.
The second INR 200 crore DeepTech Fund has reached its first closure, according to 8X Ventures, an early-stage DeepTech venture capital firm headed by Chirag Gupta. Lightspeed Photonics, XYMA Analytics, Patherun Technologies, Zenpulsar, and Solinas Integrity were among the companies in which their prior fund made investments.
SanchiConnect Driving The Indian DeepTech Ecosystem
SanchiConnect is one of the biggest facilitators of the DeepTech ecosystem in the nation right now. In addition to more than 500 academic incubators, mentors, corporations, institutional funds, and technology partners, it serves over 3,000 DeepTech businesses as a SaaS platform. It frequently collaborates with businesses, educational institutions, and venture capital companies to offer targeted programs, with a primary goal of giving entrepreneurs access to capital and markets.
Established in 2013, Arctic Invent is a preeminent comprehensive intellectual property rights (IPR) advisory company. It assists companies worldwide in safeguarding and using their inventions and creative works, with more than 5,000 issued IPRs and more than 80 specialists. Arctic Invent, in collaboration with Basck IP Consulting in the UK, provides all-inclusive intellectual property (IP) services that convert intellectual property into significant company assets across North America, Europe, and India.
Key Comments
Chirag Gupta, Managing Partner, 8X Ventures, underscored the moment, stating, “We hold the conviction that Indian DeepTech innovators of today will become globally transformative companies tomorrow. That only happens with sufficient support. It is about time that NCR’s growing startup ecosystem had a hub like the one we are building.”
“We are excited to lay the foundation of India’s first privately managed DeepTech Innovation Hub. This initiative intends to support the DeepTech ecosystem in the country by offering vital support and resources to startups that have moved past the incubation phase. We aim to help them focus on their core business and bring their ideas to market steadily” Said Dr. Sunil Shekhawat, CEO, SanchiConnect.
“Our goal has always been to help innovators protect and grow their ideas. Now, being part of the DeepTech Hub, our global IP expertise and decades of experience working with DeepTech companies will reach startups in a much more curated and customised form. We are excited to be part of this initiative and look forward to helping DeepTech businesses succeed.” said Mr. Govind Kedia, Managing Director, Arctic Invent.
