In the third phase of its deep tech mentorship programme, the Industry body Nasscom (National Association of Software and Services Companies) will mentor 30 growth-stage deep tech startups from the National Capital Region, Bengaluru, Hyderabad, and Mumbai, reported Mint.
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.
Nasscom further stated that 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
While, KS Viswanathan, vice president at Nasscom, said that over 8-12 weeks, the startups in the third cohort of its DeepTech Club Mentorship programme, will be exposed to mentors, corporates and financiers.
It seeks to “accelerate them to the next level, in terms of revenue, get them ready for seed funding, and help them with market access”, Viswanathan added.
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, he further said.
“We launched the 10,000 Startups program six years ago, to help startups 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 startups in deep tech areas,” he further added.
He concluded and said, “It could be in storytelling, business proposals, product pricing strategy and so on.”