India Unveils ₹1 Lakh Crore RDI Fund at TiEcon Delhi-NCR 2025 to Power Deep-Tech Sovereignty

• Industry voices at TiEcon align with PM’s mission to accelerate R&D, innovation, and high-tech manufacturing

TiEcon Delhi-NCR 2025, India's largest deeptech summit, set the tone for one of the nation’s most significant science and technology developments — the launch of the ₹1 lakh crore Research, Development and Innovation (RDI) Fund by Prime Minister Narendra Modi at the Emerging Science and Technology Innovation Conclave (ESTIC) 2025.

At the two-day TiEcon Delhi-NCR, a keynote fireside conversation titled “Quantum Leap: Accelerating India’s Tech Sovereignty” brought together Dr. Abhay Karandikar, Secretary, Department of Science & Technology (DST- GOI), and Dr. Saurabh Srivastava, Chairman Emeritus, TiE Delhi-NCR. The discussion highlighted India’s focus on strengthening deep-tech capabilities through collaborative R&D, private sector participation, and startup-led innovation - a vision that aligns closely with the objectives of the newly launched RDI Fund.

Dr. Abhay Karandikar, Secretary, Department of Science & Technology, GOI said, “India stands at a defining moment in its deep-tech journey. The Research, Development and Innovation Fund is a first-of-its-kind initiative to empower corporates, industries, and startups across sunrise sectors such as quantum, AI, semiconductors, biotech, and advanced manufacturing. With liberalized norms and a two-tier fund management model, it aims to catalyse private sector R&D, promote IP creation within India, and strengthen our path toward technological sovereignty. The government’s role is to enable, not control - fostering risk-taking and long-term R&D investment that builds India’s innovation strength.”

Sharing his perspective, Dr. Saurabh Srivastava, Chairman Emeritus, TiE Delhi-NCR, said,

India’s ambition to achieve tech sovereignty depends on uniting scientific excellence with entrepreneurial execution. By deepening collaboration between academia, research, and startups, we can turn cutting-edge discoveries into world-class products. TiE Delhi-NCR continues to be a catalyst for this ecosystem, connecting innovators, investors, and policymakers to drive India’s next wave of technological breakthroughs.

The session followed the inaugural keynote by Shri Piyush Goyal, Hon’ble Union Minister of Commerce and Industries, who emphasised the government’s vision to build a deep-tech ecosystem powered by innovation and youth engagement.

Organised by TiE Delhi-NCR, TiEcon Delhi-NCR 2025 brought together policymakers, investors, founders, and global thought leaders to discuss India’s next growth frontier in technology and entrepreneurship. For over 25 years, TiE Delhi-NCR has been a driving force in India’s innovation landscape, fostering collaboration, mentorship, and investment that continue to shape the country’s transformation into a global innovation powerhouse.

About TiE Delhi-NCR

TiE Delhi-NCR is one of the most active and vibrant chapters of TiE Global, dedicated to fostering entrepreneurship through mentoring, networking, education, and funding. With a legacy spanning over two decades, TiE Delhi-NCR continues to empower innovators and founders, driving India’s transformation into a global innovation powerhouse.

Piyush Goyal Urges Deeptech Innovation for India’s Technological Sovereignty at TiEcon Delhi

Policymakers, industry stalwarts, investors, founders and startup leaders converged at TiEcon Delhi to celebrate India’s accelerating deeptech revolution. TiEcon Delhi, organized by TiE Delhi-NCR, a two-day summit kicked off on an inspiring note, setting the stage for powerful conversations, visionary ideas, and collaborations shaping the future of technology and entrepreneurship in India.

The highlight of the opening day was the Grand Keynote by Shri Piyush Goyal, Hon’ble Union Minister of Commerce and Industries, Government of India, where he outlined Government’s Vision for Building a Vibrant Deeptech Ecosystem Driven by Innovation and Youth Engagement. He observed that India’s digital journey has been integral to its economic rise, from becoming the world’s fourth-largest economy to being on track to reach the third position within two years, and achieving the vision of a USD 30–32 trillion economy by 2047. He stated that the foundation of India’s growth rests on the power of technology and innovation.

“Over the last decade, India’s remarkable digital transformation has created unprecedented possibilities for the millions of Indians from the bottom-of-the-pyramid to millions of our innovators. Programmes like the Jan Dhan bank accounts, Aadhaar identity, Direct Benefit Transfer, the growth of the UPI payments ecosystem, expansion of 4G networks and now 5G across the country, all these have shifted India from coverage to access, from access to usage, from usage to outcomes.As we move towards becoming a global engine of deep-tech innovation, through AI, quantum computing, semiconductors, emerging technologies, the entire ecosystem of talent, institutions, investment, start-ups is aligning with this vision. Happy to see platforms like TiEcon Delhi-NCR bring together entrepreneurs, investors, and innovators who embody the spirit of inquiry and enterprise that drives India forward. Together, we must aim not just to participate in the global technology revolution but to lead it with confidence, creativity, and conviction,” said Shri Piyush Goyal, Honourable Union Minister of Commerce and Industry Government of India.

The sessions covered diverse themes from startup profitability to AI innovation and research commercialization. The Power Panel “Mission 2047: What Got Us Here Won’t Get Us There” saw participation from STPI, DPIIT, BIRAC, and NSIC leaders discussing India’s roadmap to becoming a global tech powerhouse. A series of fireside chats and keynotes followed, including “Quantum Leap: Accelerating India’s Tech Sovereignty” with Dr. Abhay Karandikar, Secretary, DST, and Dr. Saurabh Srivastava, Chairman Emeritus, TiE Delhi-NCR, and “How India Can Win the Global AI Race” featuring Abhishek Singh, Additional Secretary, MeitY, and Sanjeev Bikhchandani, Founder, Info Edge.

“The Honourable Minister Piyush Goyal’s remarks on the need for Indian startups to focus on deep tech inspired us to take decisive action. We shifted our focus and the 25th TiECon Delhi has now become India’s largest deep tech conference. In a world where technology and trade are increasingly being weaponised, technology sovereignty represents national sovereignty. As India moves towards Viksit Bharat 2047, investing in deep tech and research is essential. This vision now defines TiE’s mission” said Dr. Saurabh Srivastava - Chairman Emeritus, TiE Delhi -NCR.

“India is witnessing an exciting phase in its artificial intelligence journey, powered by our strong technology ecosystem and exceptional talent base. Through the India AI Mission, we are focused on building an inclusive and innovation-driven framework that provides access to compute infrastructure, quality datasets and AI skills for startups, researchers and enterprises. In this, TiEcon Delhi NCR play an important role in fostering collaboration among industry leaders, entrepreneurs and policymakers, helping translate India’s AI potential into real-world impact. Our collective goal is to make AI accessible, responsible and transformative for every citizen, driving sustainable and equitable digital growth across the nation,” said Mr. Abhishek Singh, Addl. Secretary, MeitY India AI Mission.

The event also marked the unveiling of SPF 100 Desi Deeptechs, a first-of-its-kind showcase celebrating India’s most promising homegrown Deeptech ventures. Engaging sessions such as ‘AI Unlocked: Innovation, Scale & Competitiveness’ and ‘Deeptech on the Move: AI Innovations Powering Mobility 2.0’, powered by MG Motor, further reflected the vibrancy and depth of India’s Deeptech ecosystem, emphasizing the collective efforts of government, investors, and entrepreneurs in shaping a future-ready innovation economy.

In another key highlight, TiE Delhi-NCR announced the launch of the DeepScale India Accelerator Program at TiEcon Delhi-NCR 2025, a national initiative designed to fast-track the commercialization and scaling up of MVP-ready DeepTech startups. Supported by SIDBI as the Investment Partner, DST as the Ecosystem Partner, and AWS as the Technical Partner, the program will empower early-stage innovators across AI, robotics, quantum, biotech, spacetech, and semiconductors through mentorship, funding access, and masterclasses, culminating in a Demo Day at the TechSwaraj DeepTech Summit 2026.

Alongside the accelerator, TiE Delhi-NCR also introduced Lab2Scale, a DeepTech bridge designed to move TRL 4–7 research from proof-of-concept to pilots and commercialization. The Lab2Scale session at TiEcon featured rapid 5-minute pitches by select innovators, followed by curated Founder–Industry Huddles that enabled pilot discussions, partnerships, and opportunities for technology validation.

About TiE Delhi-NCR

Fostering entrepreneurship for over two decades, TiE Delhi-NCR stands as one of the most dynamic and impactful chapters of the global TiE Network. Renowned for its marquee events, high-impact mentoring programs, prestigious entrepreneurial awards, and powerful investor pitch platforms, TiE Delhi-NCR plays a pivotal role in shaping India’s startup landscape. With a mission to empower entrepreneurs at every stage, TiE Delhi-NCR offers access to industry experts, seasoned mentors, and global networks, helping founders scale their ventures beyond imaginable limits. Through consistent efforts to expand, explore, and elevate, TiE Delhi-NCR continues to evolve as India’s most credible and influential platform supporting entrepreneurial growth and innovation.

Unmanned Aviation Startup EndureAir Raises ₹25 Cr Funding Led By IAN Alpha Fund

EndureAir Systems, a deep-tech UAV (Unmanned Aerial Vehicles) company & aerial robotic solutions provider, has raised ₹25 crores from IAN Alpha Fund (along with IAN Angel Fund). The capital will be deployed to strengthen EndureAir’s deep-tech drone capabilities for the defense ecosystem, expand into enterprise markets, and advance the development of next-generation high-altitude logistics and aerial robotics platforms.

Founded in 2018 by Dr. Abhishek, Professor of Aerospace Engineering at IIT Kanpur, along with his former students Rama Krishna and Chirag Jain, EndureAir has rapidly emerged as a pioneer in India’s indigenous UAV sector. Unlike drone assemblers, the company develops both hardware and software entirely in-house, backed by more than 15 years of rotorcraft research and a portfolio of 8 patents. This research-driven approach gives EndureAir a strong edge in building rugged and mission-ready UAVs tailored for India’s terrain.EndureAir’s flagship platforms are already in active deployment. Sabal, its heavy-lift logistics UAV family (10–70 kg payloads), has proven high-altitude capabilities, with Sabal (20 kg) inducted by the Indian Army’s Eastern Command. Vibhram, its long-endurance UAV, powered Telangana’s Medicine from the Sky program by delivering vaccines to remote areas. Alakh, the nano-UAV series, has supported high-stakes rescue operations including the Chamoli cloudburst, Silkyara Tunnel rescue, and earthquake relief in Turkey.

EndureAir is also co-developing high-altitude logistics drones with Bharat Electronics Limited (BEL) and working with Druk Holding & Investments group (DHI) in Bhutan on pilot logistics missions to remote monasteries.

Rama Krishna, Co-founder & CEO, EndureAir, said, “As we continue to develop the next generation of deep-tech aerial robotics for the defense ecosystem, we are dedicated to promoting enterprise adoption of UAV technology. With the help of this fundraise led by IAN Alpha Fund, we can move more quickly to develop strong, domestic systems that can function well even in the most difficult environments. By creating solutions that benefit the Indian armed forces as well as transform how businesses use aerial mobility/logistics, we hope to position India as a global leader in UAV innovation.”

Sarika Saxena, Managing Partner, IAN Alpha Fund, said, “EndureAir embodies the very best of India's deep-tech potential. By transforming cutting-edge research into powerful, indigenous solutions, they are meeting critical needs in defense, enterprise, and disaster response. We're proud to partner with a team that is not only pushing the boundaries of UAV technology but also demonstrating how India's innovative spirit can set a new global standard.”

Headquartered in Noida, Uttar Pradesh, EndureAir Systems originated from advanced UAV research at IIT Kanpur and has since evolved into a mission-driven enterprise serving defense, logistics, surveillance, and disaster-response sectors. Its UAVs have already been deployed by the Indian Army, government agencies, and international humanitarian missions in critical environments. With this funding round, the company aims to strengthen its leadership in high-altitude UAV logistics, expand enterprise offerings, and continue building cutting-edge aerial robotics solutions that demonstrate India’s deep-tech innovation.

About EndureAir Systems:

EndureAir Systems is a Noida-based deep-tech UAV company founded in 2018 by Dr. Abhishek, Professor of Aerospace Engineering at IIT Kanpur, along with his students — now IIT Kanpur alumni — Rama Krishna and Chirag Jain, to advance India’s aerial autonomy. Built on more than 15 years of vertical flight and UAV research, EndureAir designs and manufactures both hardware and software entirely in-house, supported by 8 patents in flight dynamics and autonomy. EndureAir is shaping the future of rugged, reliable, and proudly indigenous UAV systems for India and beyond.

About IAN Alpha Fund:

IAN Alpha Fund, a ₹1,000 crores (US$125 mn) SEBI-registered Category II AIF VC Fund, is the second fund in IAN Group’s series of funds. The Fund explores opportunities in diverse sectors such as healthtech, cleantech, deep tech, agritech, medtech, hardware and electronics, manufacturing, Web 3.0, Metaverse, Industry 4.0, SaaS, and other sectors where innovation is transformational. The Fund invests in innovative startups solving real problems for India and the world, with sustainable business models enabling scale by leveraging technology. With the IAN Alpha Fund, IAN Group continues its two-decade legacy of building a portfolio of technology-focused, innovative companies led by founders who not only understand customer needs but also have the leadership qualities to build large and valuable businesses.

Everything About Reliance Intelligence, the New Deeptech Unit of Mukesh Ambani’s Reliance

In a bold move that could redefine India’s position in the global AI race, Mukesh Ambani has unveiled Reliance Intelligence—a deep-tech subsidiary of Reliance Industries that promises to bring “AI to every Indian.” Announced during the company’s 48th Annual General Meeting in August 2025, this initiative is not just a corporate pivot—it’s a national ambition.

What Is Reliance Intelligence?

Reliance Intelligence is the conglomerate’s dedicated arm for artificial intelligence, designed to build sovereign, scalable, and socially impactful AI infrastructure and services. It’s positioned as the next transformative engine after Jio’s digital revolution and Reliance Retail’s consumer dominance.

The Four Strategic Pillars

Pillar	Description	Impact
AI Infrastructure at Scale	Gigawatt-scale, AI-ready data centers in Jamnagar powered by green energy	Enables national-scale model training and inference
Global Partnerships	Collaborations with Google (Gemini) and Meta (Llama)	Accelerates access to cutting-edge models and open-source innovation
AI for Bharat	Affordable, trusted AI services across education, healthcare, agriculture, and MSMEs	Democratizes AI access for 1.4 billion citizens
Talent Incubation	A hub for researchers, engineers, and designers	Fosters indigenous innovation and global competitiveness

Why It Matters

India’s AI ecosystem has long lacked sovereign infrastructure and scalable deployment. Reliance Intelligence fills this gap by:

• Localizing AI innovation while leveraging global tech
• Reducing dependency on foreign cloud and model providers
• Creating jobs in deep-tech, data science, and ethical AI
• Empowering sectors like rural healthcare, smart farming, and vernacular education

Strategic Collaborations

• Google Cloud + Gemini Models: Integrated into Reliance’s digital stack for enterprise and consumer AI
• Meta’s Llama Models: Powering open-source, customizable AI platforms for Indian developers and institutions
• Jio + Retail Synergy: AI-driven personalization, logistics optimization, and customer engagement at scale

Vision for India: “AI Everywhere, For Everyone”

Mukesh Ambani’s vision is clear: just as Jio democratized data, Reliance Intelligence will democratize intelligence. The goal is not just to compete globally, but to lead responsibly, ensuring AI is inclusive, ethical, and tailored to India’s unique needs.

“We will make India not only AI-enabled but AI-rich,” Ambani declared, signaling a shift from consumption to creation.

What’s Next?

Expect rapid rollouts of:

• AI-powered education platforms in regional languages
• Healthcare diagnostics for underserved areas
• Smart agriculture tools for climate-resilient farming
• AI APIs and SDKs for Indian startups and developers

Final Thought

Reliance Intelligence isn’t just a tech venture—it’s a strategic bet on India’s future. With the scale of Reliance, the ambition of Ambani, and the backing of global AI leaders, this unit could become the nucleus of India’s AI renaissance.

DeepTech Startup Aeronero Secures $1.5M to Scale Breakthrough Air-to-Water Technology

Aeronero, a Chennai-based deep-tech startup focused on solving global water scarcity, has raised $1.5 million in a landmark funding round led by Callapina Capital and Rezwan Razack of Prestige Group. Here's a breakdown of what makes this round—and the company—so compelling:

Key Highlights of the Funding Round

• Lead Investors: Callapina Capital and Rezwan Razack (MD, Prestige Properties) 
• Co-Investors: SAN ANGELS, Jamwant Ventures, and prominent HNIs including:
• Kiran Deshpande (Former CEO, Tech Mahindra)
• S. Ramadorai (Former CEO & Vice Chairman, TCS)
• Purpose: To scale Aeronero’s patented Air Water Generators (AWGs)—devices that extract clean, alkaline drinking water directly from the atmosphere.

Why It Matters

• 13 Global Patents: Many already commercialized, backing a robust tech platform.
• 400% YoY Growth: Driven by demand across homes, offices, and military outposts.
• ₹30 Crore Order Book: With ambitions to hit a ₹100 crore topline.
• Production Scale-Up: Targeting 2,000 units/month from in-house manufacturing

Impact & Vision

• Mission: “Water for All, Always”—a decentralized, sustainable approach to water access.
• Technology: AWGs use a 5-step filtration system including Biovitae™ and mineralization to produce alkaline water (pH 7–8.5) free of bacteria, viruses, and chemicals.
• Smart Features: IoT-enabled systems offer real-time monitoring, alerts, and performance tracking.

Investor Endorsements

Vinod Jose, Callapina Capital: “The most disruptive innovation the water sector has seen in a century.”

Rezwan Razack, Prestige Group: “Aeronero’s tech is key to sustainable infrastructure.”

Kiran Deshpande: “We are proud users of Aeronero’s ‘Bubble’ system.”

S. Ramadorai: “Drinkable water from thin air—visionary and scientific in equal measure.”

Source - The Tribune | Business Standard 

Centre of Excellence Unveiled in Bengaluru, Anchoring AI, 5G, and Quantum Research

Union Minister of Communications and Minister for Development of North Eastern Region, Shri Jyotiraditya M. Scindia, on Thursday, inaugurated the VTU-VRIF-TCOE Hub and Spoke Centre of Excellence in Bengaluru, a major milestone in India’s mission to accelerate innovation across emerging technologies.

The Centre is the result of a strategic collaboration between Visvesvaraya Technological University (VTU), Visvesvaraya Research and Innovation Foundation (VRIF), and Telecom Centres of Excellence (TCOE) India, forming an academic-industrial powerhouse focused on future-forward domains including 5G/6G communications, Artificial Intelligence (AI), Machine Learning (ML), Augmented and Virtual Reality (AR/VR), quantum computing, and healthcare technologies.

“In the last 11 years, PM Modi has fundamentally redefined the role of government—from a regulator to a facilitator,” said Minister Scindia. “This Centre is a direct extension of that transformation.”

A Launchpad for Deep-Tech Innovation

The Bengaluru facility operates under a hub-and-spoke model, connecting 228 affiliated colleges and over 400,000 students through VTU’s academic network. The campus boasts over 1 lakh sq. ft. of infrastructure, equipped with cutting-edge R&D labs, collaborative spaces for startups, video conferencing rooms, and student-friendly amenities including daycare and cafeteria services.

Currently, the ecosystem hosts 20+ startups and engages 30+ academic institutions, supported by industry leaders like Keysight Technologies, QpiAI, and Televerge. Skill development programs are being steered by the Telecom Sector Skill Council (TSSC) to align talent with industry needs.

Aligning with Bharat 6G Vision

The Centre’s focus on 6G innovation ties directly into India’s broader ambitions under the Bharat 6G Alliance, which aims to place the country at the forefront of global 6G development by 2030. Areas under active exploration include Indigenous Radio Access Networks (RAN), rural connectivity, and cross-sectoral applications of 6G in agriculture, healthcare, and sustainability.

Connectivity and Impact

Minister Scindia highlighted India's rapid digital transformation:

• Internet users have surged from 250 million to 974 million.
• Broadband subscribers now exceed 940 million.
• India boasts the world’s largest optical fiber network, spanning every village.

CoE Centre represents a paradigm shift in India's tech-driven policy framework, blending academic excellence with industrial agility. By serving as a crucible for deep-tech research, startup incubation, and nationwide skill development, it reinforces the government’s vision of "facilitation over regulation", setting the stage for India’s next decade of innovation.

Maieutic Semiconductor Raises $4.15Mn to Transform Analog Semiconductor Design with Generative AI

Bengaluru-based deep tech startup Maieutic Semiconductor has raised USD 4.15 Million in Seed funding, co-led by Endiya Partners and Exfinity Venture Partners. This funding round marks a significant milestone in Maieutic’s mission to reimagine chip design by introducing generative AI to design and development workflows.

Maieutic is tackling one of the most complex and underserved challenges in semiconductor design. Their GenAI-first solution will significantly accelerate early-stage chip design, domain expert review process, and enable intelligent analysis of design trade-offs, all of which are typically time-consuming and resource-intensive. With this new round of funding, Maieutic plans to expand its engineering team and significantly improve time to market. The company is on an aggressive hiring trajectory to build out its platform and take its vision to market.

Founded by serial entrepreneurs and industry veterans, Maieutic’s core team includes Gireesh Rajendran (CEO), Ashish Lachhwani (CBO), Rakesh Kumar (CPO), and Krishna Sankar (CTO), each a domain expert with over two decades of experience in semiconductor design, AI systems, and commercial product delivery. Collectively, the team holds over 70 patents and has shipped products that have sold over a billion units globally.

“Semiconductor design has remained largely untouched by modern productivity enhancements,” said Gireesh Rajendran, CEO and Co-founder of Maieutic Semiconductor. “At Maieutic, we’re combining decades of deep analog and semiconductor experience with cutting-edge AI techniques to create a copilot that reduces the design cycle from weeks to days, spots inconsistencies without expert intervention, and brings intelligence to every trade-off. We’re thrilled to have raised this round of funding and are incredibly grateful to have visionary partners like Endiya Partners and Exfinity Venture Partners on board, who not only believe in our mission but are actively supporting us as we build for the future of chip design.” Gireesh was previously the CEO and co-founder of Steradian Semiconductors, a radar startup that saw a successful acquisition.

Maieutic is well poised to address a massive market opportunity beginning with analog IC design, which is critical to next-gen communications, automotive, and industrial electronics.

Sateesh Andra, Managing Partner at Endiya Partners, said, “Maieutic is solving a real problem in the semiconductor design space, an area that has long resisted automation despite its growing complexity. Analog workflows in particular have remained largely manual and dependent on domain expertise and time-intensive iteration. Maieutic’s AI-first approach has the potential to change that. The founding team has both deep technical expertise and years of experience in taking products to market. We believe their vision can lead to a foundational shift in how analog chips are designed and optimized, making the process faster, more intelligent, and globally competitive. We’re excited to partner with Maieutic as they build a transformative platform that positions India at the forefront of semiconductor innovation.” Endiya was an early investor in Steradian.

Chinnu Senthilkumar, Managing Partner at Exfinity Venture Partners, added, “The Maieutic team brings an exceptional blend of deep technical expertise, global semiconductor experience, and a clear vision for the future of analog design. Having spent more than a decade in Analog/Mixed-Signal design early in my career, I truly appreciate the complexity and magnitude of the problem. What truly excites me is their bold approach to applying GenAI to an area that has seen very little disruption over the decades. As the demand for intelligent, high-performance chips continues to grow globally, Maieutic is uniquely positioned to lead this paradigm shift. We are proud to support them on this journey and confident that they will build a category-defining company from India.” Exfinity is an active investor in deep-tech and semiconductor startups, with successful exits such as Kinara.ai, an edge AI semiconductor company.

With the global semiconductor market projected to cross $1 trillion by 2030, and analog chips forming the backbone of every modern electronic device, Maieutic’s innovation couldn’t come at a more relevant time. As India pushes ahead with its semiconductor ambitions, Maieutic Semiconductor is poised to be a key force in positioning the country as a serious player in analog innovation.

Astrophel Aerospace Raises INR 6.84 Cr to Build Reusable Rocket Engine

• Astrophel Aerospace is one of only a few startups to successfully test-fire a semi-cryogenic engine, securing INR 6.84 Crore (USD 800,000).
• Funding will be deployed to develop a prototype of a reusable semi-cryogenic launch vehicle and scale its in-house R&D to develop missile-grade guidance systems.
• Backed by policy tailwinds and ISRO tie-ins, the Pune-based deep tech aerospace startup is building propulsion infrastructure for the growing small satellite economy.

Astrophel Aerospace, a Pune-based deep-tech space startup, has raised INR 6.84 Crore (USD 800,000) in a pre-seed funding round led by a consortium of individuals and angel venture firms. The funds will be deployed to develop a reusable semi-cryogenic launch vehicle, scale its in-house R&D to develop missile-grade guidance systems and components. The company anticipates having a working, reusable prototype ready for testing within the next 24 to 36 months. 

The funding has been raised on the cusp of the landmark Gaganyaan, Axiom-4, and Space Activities Bill, poised to open the floodgates for private innovation in space technologies. Astrophel Aerospace is one of only a handful of indigenous private startups to have successfully test-fired a semi-cryogenic engine. The milestone was achieved by spending a mere INR 6 Lakh (USD 7,000) and zero external funding before the current round. 

Astrophel Aerospace is leveraging a modular, systems-first approach inspired by auto manufacturing best practices to build its Potentia C1U engine. It has also signed an MoU with ISRO for collaborative R&D and testing campaigns. India’s space economy is expected to grow from USD 8.4 billion in 2022 to USD 44 billion by 2033, with over 8,500 small satellites forecast to be launched globally within this decade, as per IN-SPACe.

Suyash Bafna, Co-founder, Astrophel Aerospace, said,

We believe that India’s private space sector is ready to tackle high-complexity, deep-tech challenges in aerospace. We're building reusable systems and precision components that reduce costs and will usher in a new age of space access for India.

Astrophel Aerospace is also collaborating with a listed Indian manufacturer to co-produce cryogenic valves, with dual-use potential in both commercial and defence applications. India’s space startup ecosystem is gaining exponential momentum, backed by favourable policy reforms.

"Reusable rockets, turbopump-fed engines and missile-grade guidance systems are among some of the toughest challenges in aerospace today," said Immanuel Louis, Co-founder, Astrophel Aerospace. "The funding will enable us to deep-dive into development while staying lean and execution-focused," he added.

With its first suborbital launch on the horizon, Astrophel Aerospace is positioning itself as India’s next propulsion and launch infrastructure company, built from the ground up to serve India’s ambitious space aspirations.

About Astrophel Aerospace

Astrophel Aerospace is an Indian deep tech space startup developing affordable, dedicated launch vehicles for small satellites, powered by semi-cryogenic propulsion systems. Its flagship Astra C1 series and Potentia engine position it among the few Indian private companies to have independently built and successfully test-fired a semi-cryogenic engine in August 2023, without any external funding. By combining best practices from automotive manufacturing with 3D printing,

Astrophel reduces production time and cost by up to 40%, making it potentially one of the most accessible launch providers in the segment. The company has developed in-house capabilities across throttleable engine valves, regenerative nozzle design, cryogenic subsystems, and real-time avionics software. Astrophel is planning full orbital missions from Indian launchpads utilising reusable launchers to capitalise on the potential of India's space industry, projected to reach USD 44 billion by 2033. It is supported by a distinguished advisory board, consisting of propulsion experts with experience working at ISRO, Hindustan Aeronautics Limited and DRDO. Together, they bring technical oversight and strategic depth to Astrophel’s mission to democratise space access. 

About Suyash Bafna

Suyash Bafna is the Co-Founder of Astrophel Aerospace, playing a key role in systems integration, operations, and strategic execution. With a background in mechanical engineering, Suyash bridges the gap between propulsion, avionics, and structural design, ensuring that Astrophel’s launch systems are optimised for performance and reliability. He has been instrumental in coordinating subsystem development for the Astra C1 vehicle and managing timelines for the company’s upcoming suborbital launch. His focus on mission-readiness, testing protocols, and cross-functional collaboration has helped streamline development despite limited resources.

At Astrophel, Suyash also oversees external partnerships and vendor alignments, working to reduce costs while maintaining technical integrity. Passionate about building indigenous space capabilities, he is committed to enabling affordable access to space for small satellite operators. His systems-driven leadership contributes significantly to Astrophel’s goal of becoming India’s most cost-effective and agile launch provider.

About Immanuel Louis

Immanuel Louis is the Co-Founder of Astrophel Aerospace. An aerospace engineer by training and a lifelong aviation enthusiast, Immanuel holds a master’s degree from MIT Chennai. His journey began with building remote-control aircraft as a child and evolved into co-building one of India’s most affordable semi cryogenic rocket engines. At Astrophel, he spearheads propulsion system design, engineering integration, and business strategy. He is committed to building India’s next-gen launch infrastructure and fostering a new wave of aerospace talent. His passion lies in combining indigenous innovation with global best practices to position Astrophel as an upcoming leader in the small satellite launch segment.

About MD Taj Baba, Founding Member & Head of Aero Thermal Engineering

MD Taj Baba is a founding member of Astrophel Aerospace and currently leads aero-thermal engineering initiatives with a dedicated focus on liquid propulsion and rocket nozzle systems. With a Bachelor’s in Aeronautical Engineering from AeSI, New Delhi, and a Master’s in Thermal Engineering from Osmania University, Taj brings deep expertise in thermodynamic analysis, engine heat transfer, and high-performance thermal system design. While instrumental in shaping Astrophel’s early vision and direction as a Co-Founder, Taj is now transitioning away from operational leadership to focus full-time on technical development within the propulsion team. At Astrophel, he has played a pivotal role in the design and validation of critical cryogenic engine components, control valves, and regenerative cooling systems. An Associate Member of the Aeronautical Society of India and a mentor to aspiring aerospace engineers, Taj remains deeply committed to advancing indigenous semi cryogenic propulsion technologies and scaling India’s capabilities in the global space sector.

Deeptech Startup Sthyr Energy Secures $1 Mn to Advance Zinc-Air Battery Innovation

IIT Madras-incubated startup Sthyr Energy has raised $1 million in seed funding, led by Speciale Invest and supported by Antares Ventures, reported Economic Times. The funding will accelerate the development of their novel mechanically rechargeable Zinc-Air battery system, designed for long-duration, grid-scale energy storage.

What Makes Sthyr Stand Out

• Mechanically rechargeable Zinc-Air battery architecture
• 100+ hours of storage ideal for seasonal and remote grid use
• Uses non-flammable, water-based electrolytes for safety
• No rare earth materials; built from locally available resources
• Decoupled energy and power components for modular scaling
• Targets fossil-free peaker plant replacement and microgrids

Comparison with Other Energy Storage Solutions

Lithium-Ion Batteries

• 4–6 hour duration
• Safety concerns due to thermal runaway
• Dependence on imported metals like cobalt and lithium
• Suited for EVs and short-duration balancing

Flow Batteries

• 6–12 hours duration, extendable
• Generally safe but bulky systems
• Uses vanadium or other redox materials
• Costly upfront, best for frequent cycling

Green Hydrogen

• Storage duration from days to weeks
• Challenges with storage and flammability
• Involves electrolyzers and fuel cells
• Still expensive with energy conversion inefficiencies

Sthyr Energy was founded by Gunjan Kapadia, Akhil Kongara, and Muhammed Hamdan, all researchers from IIT Madras. Gunjan serves as the CEO, Akhil as the CTO, and Hamdan as the COO. Their collaboration stems from over five years of foundational research at IIT-M, where they set out to rethink battery architecture for long-duration energy storage.

The Deeptech founders are quite the powerhouse trio—each bringing technical depth and a mission-driven mindset to the table.

Sthyr’s Zinc-Air solution could prove transformative for India’s renewable grid, microgrids in remote areas, and as a cost-effective alternative to fossil-based peaker plants—marking a significant step toward energy independence and resilience.

India’s SanchiConnect and KickSky Ink Pact to Accelerate Global SpaceTech Innovation

The accelerator program is designed to nurture and propel early-stage spacetech startups and is set to further unlock private sector support for pre-seed and seed-stage spacetech innovators

SanchiConnect, India’s leading DeepTech startup network, has entered into a strategic partnership with KickSky Space Lab, an accelerator program focused on early-stage SpaceTech startups. Facilitated by Riceberg Ventures, this collaboration aims to scale KickSky’s vision to propel space tech startups for the global landscape, and reach customers worldwide. KickSky is a joint initiative by venture capital funds Riceberg Ventures and E2MC Ventures, along with Aniara Consulting, and has already gained significant traction since its launch.

Dr. Sunil Shekhawat, CEO, SanchiConnect, remarked, "We are excited to join hands with Riceberg Ventures to accelerate the growth of India’s spacetech ecosystem. Our combined strengths will empower startups to move beyond proof-of-concept, access global markets, and attract the right capital partners. Together, we are committed to making India a powerhouse in the new space economy."

Riceberg Ventures, with offices in Bangalore, Zurich, London and San Francisco, has been at the forefront of deeptech investments globally. Its early-stage spacetech accelerator program has attracted some of the most promising founders in the sector. SanchiConnect, seeded within Baring PE Partner-India, has a proven track record of running high-impact investment and go-to-market (GTM) led accelerators for VC funds, consistently delivering successful cohorts and enabling startups to scale rapidly.

"KickSky was envisioned as a launchpad for the boldest minds in spacetech. With SanchiConnect’s unmatched network and accelerator expertise, we are poised to take KickSky to new heights, offering startups not just capital, but the strategic guidance and global connections needed to solve some of humanity’s most ambitious challenges," said Mr. Ankit Anand, Founding Partner, Riceberg Ventures.

Mr. Govindrajan, Director, KickSky Space Lab, commented, "Our mission at KickSky is to democratize access to the space economy for Indian founders. The partnership with SanchiConnect will help us provide a robust platform for founders to experiment, validate, and scale their ideas, while leveraging the best of industry, academia, and investor networks."

This partnership comes at a pivotal time for India’s spacetech sector, where IN-SPACe has been the public face of support for emerging startups. The SanchiConnect–Riceberg Ventures alliance aims to complement these efforts by unlocking new avenues of funding, mentorship, and global market access for the next generation of spacetech entrepreneurs. The team also plans to launch a global spacetech community of founders, investors, experts, and suppliers from around the world to be accessible and available for early-stage startups.

About Riceberg Ventures

Riceberg Ventures is a deeptech-focused venture capital fund with a presence in Bangalore, Zurich, London and San Francisco. The firm invests in transformative technologies across Spacetech, Life Sciences, AI, Quantum, and Advanced Engineering.

About SanchiConnect

SanchiConnect is India’s premier deeptech startup network, renowned for running investment and GTM-led accelerator programs. Seeded within Baring PE Partner-India, SanchiConnect has enabled the success of numerous deeptech startup cohorts across the country.

IG Drones & VoxelSensors Join Forces to Elevate UAV Navigation in GPS-Denied Zones

IG Drones, a leading Indian drone technology company, has announced a strategic collaboration with Belgian DeepTech pioneer VoxelSensors to integrate next-generation 3D perception systems into its UAV platforms. This partnership is set to transform how drones navigate and operate in GPS-denied and visually complex environments, such as dense forests, urban infrastructure zones, tunnels, and industrial interiors.

At the heart of this partnership lies the integration of VoxelSensors’ SPAES (Streaming Perception for AI Enhanced Systems) technology—renowned for its ultra-low latency and high-precision spatial sensing—with IG Drones’ fleet of intelligent unmanned aerial vehicles. The result is a new generation of drones with advanced environmental awareness, enhanced obstacle avoidance, and higher-fidelity mapping capabilities for infrastructure inspection, emergency response, environmental monitoring, and smart city applications.

Mr Paneerselvam Madanagopal, CEO, Ministry of Electronics and Information Technology (MeitY), Government of India, welcomed the announcement, stating, “This partnership between IG Drones and VoxelSensors marks a significant step forward in the evolution of autonomous aerial technology. By combining India’s deep-rooted commitment to scalable drone solutions with VoxelSensors’ cutting-edge 3D spatial intelligence, we are witnessing the kind of global cooperation that advances innovation in a responsible, civilian-first manner. MeitY supports such collaborations that not only strengthen India’s digital and industrial capabilities but also foster meaningful international partnerships aligned with sustainable and high-impact technological progress.”

“This collaboration truly marks a new chapter for us,” said Mr Sambit Parida, Chief Technology Officer at IG Drones. “By embedding VoxelSensors’ breakthrough 3D sensing technologies into our systems, we’re enabling smarter, safer, and more autonomous drone operations. These capabilities are vital for civilian missions where situational complexity and safety demand real-time perception and adaptive decision-making. We remain committed to our vision of delivering cutting-edge, indigenous drone technologies aligned with India’s broader digital and infrastructure goals.”

The partnership comes at a time when IG Drones is expanding rapidly, with over 200 drones deployed in FY25, a 330% jump in revenue, and the rollout of 50 Drone Centres of Excellence in collaboration with AICTE across India. As the demand for intelligent drone systems increases across sectors—from disaster management to industrial inspection—IG Drones is positioning itself to meet the challenge through global technology collaborations that fuse precision with performance.

Mr Andre Miodezky, President of VoxelSensors, also commented on the partnership: “We’re excited to join forces with IG Drones to bring our sensing innovation into practical, high-impact use cases. Our SPAES technology provides real-time depth perception and motion awareness that empowers UAVs to function reliably, even in visually complex and dynamic environments. This partnership bridges European innovation with India’s drone ecosystem, and together we’re helping shape the future of aerial intelligence.”

Both companies share a commitment to sustainability, safety, and scalability in autonomous systems. By combining VoxelSensors' advanced 3D sensor suite with IG Drones' versatile drone platforms, the collaboration aims to redefine operational efficiency in industries such as energy, infrastructure, urban planning, environmental conservation, and public safety.

This strategic alliance underscores IG Drones’ ongoing journey to become a global leader in unmanned aerial solutions—while reaffirming that innovation, when grounded in collaboration, can push the boundaries of what's possible across borders and industries.

Deeptech Cold Chain Startup Tan90 Raises $2.4 Mn in Series A Funding Led by NABVENTURE

In a significant boost to India’s sustainable logistics ecosystem, Tan90 Thermal Solutions, a deeptech startup revolutionizing cold chain technology, has secured ₹20 crore (~$2.4 million) in a Series A funding round led by NABVENTURES, the venture capital arm of NABARD. The round also saw participation from Blue Ashva Capital, Capital-A, and 3i Partners.

Founded in 2019 by a team of IIT alumni, Tan90 develops proprietary Phase Change Materials (PCMs) that enable passive cooling across a wide temperature spectrum, from –50°C to +80°C. These innovative thermal packs are designed to reduce dependency on conventional refrigeration systems, offering scalable, energy-efficient, and eco-friendly solutions for cold chain logistics across industries.

• Expand its Cooling-as-a-Service (CaaS) model from eight cities to 18, targeting underserved Tier-II regions
• Launch new product lines catering to cold storage, HVAC systems, and even thermal management of data centers
• Strengthen international footprint in Southeast Asia, the Middle East, and Africa

According to the company, their PCM-based solutions offer twice the cooling duration and longer cycle life compared to traditional gel packs—crucial for sectors like pharmaceuticals, fresh produce, food delivery, and vaccines. Remarkably, Tan90 boasts zero customer churn on its existing CaaS platform and has clocked a 70% CAGR in the past three years while nearing operational breakeven.

Backed by DBT-BIRAC (Biotechnology Industry Research Assistance Council), Tan90 is part of India’s growing ecosystem of climate-conscious, deeptech innovators. The firm’s roadmap aligns with broader national priorities, including cold chain modernization, food security, and climate resilience.

A press quote from NABVENTURES said, “Tan90 is precisely the kind of tech-first, impact-driven enterprise we champion,” said a spokesperson from NABVENTURES. “Its scalable approach to sustainable cold storage addresses real-world bottlenecks in agricultural and health supply chains.”

As India races to decarbonize and digitize its logistics infrastructure, Tan90’s success signals rising investor confidence in technologies that blend deep science with market-ready applications.

IIT Kanpur’s C3iHub Upgraded to a Technology Translational Research Park (TTRP)

Indian Institute of Technology Kanpur’s C3iHub has been upgraded to a Technology Translational Research Park (TTRP) by the Department of Science and Technology (DST), Government of India. Among the selected institutions, C3iHub has been designated to host one of these prestigious TTRPs, with a dedicated focus on cybersecurity.

The TTRP at IIT Kanpur will specifically focus on advancing cybersecurity technologies and supporting deep-tech startups while promoting strong industry-academia partnerships. After a thorough examination of the proposal from IIT Kanpur, the Mission Governing Board of NM-ICPS has selected C3iHub for upgradation to TTRP under NM-ICPS in the focus area of “Cybersecurity”.

This announcement was made during a review meeting by the Union Minister of State for Science and Technology, Dr. Jitendra Singh. This development India’s commitment to advancing cutting-edge technological innovations for both societal and commercial applications.

The TTRP has been designed to enable the transformation of research into market-ready solutions. By upgrading existing Technology Innovation Hubs (TIHs), such as C3iHub, into TTRPs, the DST seeks to enhance collaboration between academia, industry, and startups.

“This recognition reflects our ongoing commitment to pioneering research and innovation in cybersecurity. The enhanced support will further accelerate the translation of cutting-edge research into impactful, market-ready solutions and strengthen our role in advancing national cybersecurity capabilities. I congratulate the entire C3iHub team on this well-deserved achievement,” said Prof. Manindra Agrawal, Director, IIT Kanpur.

As a leading TIH under the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS), C3iHub will continue to work towards strengthening national by securing critical infrastructure, protecting data privacy and integrity, tracking evolving cybercrimes, and more.

With DST NM-ICPS support, C3iHub, as a Technology Innovation Hub (TIH) during mission tenure, i.e., 2020-2024, has successfully deployed more than 15 technology products, nurtured 49 start-ups, 3 spokes, and 50 spikes, with 60% start-ups commercializing one or more products and 25% of R&D delivering demonstrable technology solutions. More than ten thousand individuals have been skilled by C3iHub at various skill levels including master’s degree in cyber security, six month long certification programs, specialized hands-on training programs for organizations, and vocational training at scale to support and strengthen the startup and R&D ecosystem in cybersecurity.

With its elevation to a TTRP, C3iHub is set to lead in cybersecurity innovation, advancing research, empowering startups, and nurturing talent.

L&T-Cloudfiniti and QpiAI Partner to Drive Quantum Computing Workloads Including Quantum Computing as a Service (QCAAS)

To revolutionise the quantum computing landscape globally, L&T-Cloudfiniti has forged a strategic partnership with Bengaluru-based deep-tech company QpiAI. The collaboration will focus on driving quantum computing workloads, including Quantum Computing as a Service (QCAAS), enabling scalable deployment of quantum solutions across domains.

L&T-Cloudfiniti and QpiAI will explore collaborative opportunities under India’s National Quantum Mission. QpiAI is the company that has built Indus, India's most powerful 25-qubit quantum computer. Going forward, they will offer 256-qubit quantum computer, followed by a fault-tolerant quantum computer with 100 logical qubits, thus opening up large-scale commercial applications.

Combining L&T’s industry leadership with QpiAI’s technical capabilities, the two companies will initiate and execute joint R&D programmes focussed on next-generation solutions at the intersection of artificial intelligence and quantum computing. This will lead to the development of innovative solutions that address complex challenges across domains, including finance, healthcare, logistics and more.

Commenting on the collaboration, Ms Seema Ambastha, Chief Executive, L&T Cloudfiniti, stated: “We are thrilled to partner with QpiAI to drive quantum computing workloads globally. This collaboration will leverage our cloud infrastructure to host and execute quantum algorithms, enabling scalable deployment of quantum solutions across domains. Together, we aim to deliver innovative and efficient solutions to our customers and enhance operational efficiency.”

Dr Nagendra Nagaraja, CEO, QpiAI, added: “The collaboration with L&T-Cloudfiniti marks a significant milestone in the advancement of quantum computing technology. By combining our technical expertise with L&T’s industry leadership, we are poised to drive innovation and deliver cutting-edge solutions to our customers. We are excited about the opportunities this partnership will bring under India’s National Quantum Mission.”

The partnership marks a significant milestone in the advancement of quantum computing technology and its application across industries.

Harnessing Deep-Tech: India's Path to Global Tech Dominance

Authored by Pramod Gummaraj, Founder and CEO of Aprecomm

India's tech ecosystem is witnessing a remarkable resurgence, with the first quarter of 2025 witnessing tech startups securing $2.5 billion in funding which is a 13.64% increase from the previous quarter and an 8.7% rise year-over-year. This achievement positions India as the third most-funded country globally, trailing only the US and the UK.

This influx of capital signifies a deliberate shift from the traditional focus on consumer-centric ventures to an emphasis on deep-tech domains. Investors are now channelling resources into startups specializing in artificial intelligence (AI), robotics, blockchain, and other advanced technologies. This strategic reallocation is not merely a trend but a response to the escalating global demand for sophisticated technological solutions that address complex challenges across various industries.​

Global Momentum for India's Deep-Tech Startups

Indian deep-tech startups are gaining unprecedented global traction. The number of these startups securing Series A funding and beyond has surged, indicating a maturing ecosystem. This trend is further bolstered by increased collaboration between academia, government, and industry, fostering an environment conducive to innovation and the commercialization of research.​

The current trajectory aligns with India's ambitions to lead in AI and advanced technologies. The government's focus on fostering innovation, as evidenced by policies promoting deep-tech growth, is creating an ecosystem where startups can thrive. This strategic emphasis is essential for India to not only keep pace with global advancements but to set new benchmarks in technological innovation.

The government's proactive initiatives have played a pivotal role in this evolution. For instance, the Atal Innovation Mission (AIM) has been extended until March 2028, with a budget allocation of ₹2,750 crore. AIM 2.0 aims to underscore global competitiveness, introduce new initiatives, emphasize public-private partnerships, address the rural-urban imbalance, and focus on the growth and expansion of India's entrepreneurship ecosystem. This strategic emphasis enhances India's positioning as a global tech powerhouse.

Implications for Emerging Technologies

The strategic infusion of capital into deep-tech sectors has profound implications for emerging technologies. As industries grapple with increasing complexities and data proliferation, the demand for intelligent systems capable of autonomous management and optimization has intensified. Investments in AI and related technologies are crucial to developing solutions that can enhance operational efficiency, security, and scalability.​

Furthermore, the global recognition of India's deep-tech capabilities opens avenues for international collaborations and market expansion. Startups demonstrating robust, scalable solutions are well-positioned to attract further investment and establish a global footprint, thereby contributing to India's emergence as a global technology leader.

Among the various deep-tech domains, network intelligence has emerged as a pivotal area, especially as network operators confront escalating complexities and demands. The integration of advanced technologies into network management enables networks to self-optimize, self-heal, and adapt to dynamic conditions, thereby enhancing performance, security, and reliability.​

The current funding surge into deep-tech startups focusing on network intelligence is timely. As networks become more complex, the necessity for intelligent systems that can autonomously manage and optimize network performance grows. Investments in this sector are not merely about enhancing existing infrastructures but are aimed at pioneering solutions capable of addressing future challenges in network management.​

Major Telecommunications Companies Investing in Digital Infrastructure

Recognizing the transformative potential of advanced technologies, major telecommunications companies are proactively investing in digital infrastructure to support the AI era. These investments are strategically directed towards enhancing network capabilities, improving customer experiences, and unlocking new revenue streams. The focus is on integrating intelligent systems that can autonomously manage and optimize network performance, ensuring resilience and efficiency in the face of growing data demands.

While the momentum is promising, deep-tech startups face unique challenges, including longer gestation periods for research and development, higher capital requirements, and the need for specialized talent. However, the current funding surge provides a ray of hope, offering the necessary resources to navigate these challenges and bring groundbreaking technologies to market.​

In An India's 1st, Tamil Nadu Drafting State's Deep Tech Policy, Says State's IT Minister

Hon’ble Minister Palanivel Thiaga Rajan Brainstorms with Industry Leaders to Nurture Startup Innovation in Emerging & Deep Tech Sectors

Tamil Nadu Technology Hub functioning under the Information Technology & Digital Services (IT&DS) Department, Government of Tamil Nadu, hosted the iTNT Industry Conclave in Chennai on Friday (September 6). Hon’ble Minister for IT&DS, Tamil Nadu, Dr. Palanivel Thiaga Rajan was the chief guest of the conclave that highlighted the role of Corporates in nurturing innovation in the Emerging & Deep Tech space.

(Left - Right) Ms. Vanitha Venugopal, CEO of iTNT Hub; Hon’ble Minister for IT&DS, Tamil Nadu, Dr. Palanivel Thiaga Rajan; Thiru. Kumar Jayant, I.A.S., Additional Chief Secretary to Government, IT&DS Department

“Innovate in Tamil Nadu (IN2TN) is our new mantra. It is more than just a slogan; it is a strategic call to action. It encapsulates our commitment to fostering a culture of innovation and entrepreneurship in the State,” Dr. Palanivel Thiaga Rajan said. Innovation and startups are pivotal to realizing our Hon’ble Chief Minister’s ambitious vision of propelling Tamil Nadu towards a trillion-dollar economy.

To support this journey, that State is in the process of drafting the Tamil Nadu Deep Tech Policy – the first of its kind in the country, he added. Stating that industries can play a crucial role in shaping the future of innovation in Tamil Nadu, he urged industries to industry partners to deepen their engagement with iTNT Hub through strategic partnerships and CSR contributions.

The hon’ble minister also gave away cheques for cash prizes to the tune of Rs. 4.5 Lakh to the winners of the top three places of the iTNT “Unlock The Future Innovation Challenge”. The challenge attracted more than 500 teams of startups, innovators and aspirants from the emerging and deep tech space across the State. The applications were scrutinised by a panel of subject matter and industry experts and the top 10 teams pitched before an expert jury after a series of training sessions.

Healthcare startup Vyuhaa Med Data won the prize for their solution on AI & IoT for Real-time Data Analysis and Decision Making. Sustainability startup Daijo won the prize for their solution on Resource Consumption Reduction, while Climate Tech startup Climatequant Tech emerged winner for their Supply Chain Transparency & Efficiency solution. “We have chalked out a strategy to take these winning solutions into deep tech enterprises,” said Additional Chief Secretary - IT&DS Department, Thiru. Kumar Jayant, I.A.S.

Earlier that evening, a curtain-raiser roundtable on the “Tamil Nadu Deep Tech Policy” was chaired by Thiru. Kumar Jayant, I.A.S., Additional Chief Secretary to Government, IT&DS Department, and co-chaired by Ms. Vanitha Venugopal, CEO of iTNT Hub. Industry and subject matter experts from the deep tech sectors participated in the discussion for the policy that was announced by the Hon’ble Minister for IT&DS at the Demand for Grants session in the assembly in June.

About iTNT Hub

Tamil Nadu Technology Hub (iTNT Hub) was established by the Ministry of Electronics and Information Technology, Government of India; and Information Technology and Digital Services Department, Government of Tamil Nadu; along with industry support. The Hub was inaugurated by the Hon’ble Chief Minister of Tamil Nadu Thiru. M.K. Stalin in May 2023, and is functioning from the 3rd Floor of Sir C V Raman Science Block, Anna University Campus, Kotturpuram, Chennai. iTNT Hub is building a first-of-its-kind Deep Tech Innovation Network by leveraging the combined strengths of the Startups, Innovators, Researchers, Incubators, Academia, Government, and International Partners to propel transformative global innovation.

The Hub’s sectors in focus include Artificial Intelligence, IoT, Space Tech, Robotics Healthcare, Cyber Security, Creative Tech, and High Value SaaS. In addition to incubating, accelerating and facilitating Startups, and co-incubating those incubated by Deep Tech incubators across Tamil Nadu, iTNT Hub is also taking strides to accelerate innovation and investment in the target sectors. In his budget demand session, the Hon’ble Minister for IT&DS Dr. Palanivel Thiaga Rajan announced that the Government of Tamil Nadu will soon release a Tamil Nadu DeepTech Policy. iTNT Hub will be anchoring this policy which is the first to be announced by any State in India.

IIT Ropar Launches Deeptech Startup Accelerator Program for Innovation in Agriculture and Water Technology

SAMRIDHI Conclave, a deeptech startup acceleration drive inaugurated at IIT Ropar

IIT Ropar has announced the launch of SAMRIDHI, a Deeptech Startup Accelerator Program. SAMRIDHI, is a Holistic Initiative for ICPS Startups, focusing on the transformative domains of agriculture and water.

The Governor of Punjab and Administrator of Chandigarh, Mr. Banwarilal Purohit, inaugurated a Deeptech Startup Accelerator Program dedicated to catalyzing innovation in agriculture and water technology called SAMRIDHI (Strategic Acceleration for Market, Research, Innovation & Development: a Holistic Initiative for ICPS Startups) hosted by iHub AwaDH, a Technology and Innovation Hubs set up UNDER National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS).

The SAMRIDHI conclave in which five strategic collaborations were formalized, featured five deep-tech innovations. A total of 13 startups shortlisted through rigorous evaluation, presented their ideas while 25 startups showcased their solutions at the exhibition. More than 30 experts spoke on strategic acceleration for market research, innovation, and development.

Dr Akhilesh Gupta, Secretary of the Science and Engineering Research Board; Senior Adviser, DST, GoI, reinforced the efforts taken by the NMICPS to orchestrate the Technology Self-reliant Atmanirbhar Bharat. Mission Director of NM on ICPS Dr Ekta Kapoor, projected the key highlights of the mission leading to CPS technology interventions across sectors such as agriculture infrastructure health, defence, and environment.

Prof. Rajeev Ahuja, Director of IIT Ropar, Prof. Renu Vig, Vice Chancellor of Panjab University, Chandigarh, Dr Pushpendra Pal Singh, Project Director, AwaDH and Mr. Amitabh Nag, CEO of Bhashini Digital India were also present on the ocassion. The event emphasized DST's pivotal role in shaping the future of technology in the region through NMICPS. The Mission has led to the generation of 311 technologies, 549 technology products and created 1613 CPS research bases and contributed to more than 60000 cps skilling.

The conclave organised by IIT Ropar’s Technology and Innovation Hub AwaDH was supported by 46 investment partners, and over 50 jury members evaluated and mentored the startups. Over 110 partners nationwide actively contributed to driving innovation and fostering technological self-reliance. The program is executed with the Department of Science & Technology (DST), Government of India, under the National Mission on Interdisciplinary Cyber-Physical Systems (NM – ICPS), reinforcing DST's commitment to advancing technology and innovation.

SanchiConnect Unveils the 2nd Phase of Its Multi-City Deep Tech Startups Roadshow, Amplifying Innovation Across India

Building on the success of connecting groundbreaking startups from untapped regions with investors and leading industry mentors, SanchiConnect unveils the second phase of its multi-city deep tech roadshow.

SanchiConnect, the thriving deep-tech community, proudly announces the continuation of its unique roadshow, which has historically unearthed disruptive startups from India's burgeoning towns and cities. This initiative, in collaboration with esteemed partners HSBC India, Arctic Invent, and Startup Movers, aims to further bridge the gap between innovative tech entrepreneurs and top-tier industry mentors within the SanchiConnect ecosystem.

The roadshow's first phase set a high bar, identifying innovative startups and facilitating investment opportunities, directly contributing to India's 5 trillion-dollar economic mission. In this second phase, the roadshow will journey through Delhi (9th December), Hyderabad (11th December), Bengaluru (12th December), Chennai (13th December), Coimbatore (14th December), and Kochi (15th December) creating a hub of innovation and investment potential.

"We are excited to embark on this journey with HSBC India, Arctic Invent, and Startup Movers, this roadshow signifies our dedication to nurturing the deep tech ecosystem in India. By connecting startups with investors and providing a platform for collaboration, we aim to catalyze innovation and drive sustainable growth. We extend our sincere thanks to our esteemed partners, HSBC India, Arctic Invent and Startup Movers, for their invaluable support. Together, we look forward to creating a transformative experience for startups, investors, and the entire deep tech community." said Sunil Shekhawat, CEO at SanchiConnect.

Arctic Invent, a global intellectual property consulting firm, will contribute its expertise to the roadshow. Focused on patent, trademark, design, and copyright registration, Arctic Invent aims to help businesses drive innovation and create lasting business value.

Startup Movers specializes in guiding startups through business planning and strategy, helping them avoid common pitfalls and streamline their path to success with expert advisory and consulting services.

About SanchiConnect:

SanchiConnect is India’s largest community for Deep Tech Startups, Investors, Enterprise Partners, and Service Providers. Committed to helping deep tech companies scale and succeed, SanchiConnect believes in the potential of deep tech to drive sustainable growth and contribute significantly to India's trillion-dollar economic agenda.

Applied Ventures Selects Seven Deep tech Startups during ASTRA 2023

Selected start-ups in the fourth cohort of the successful ASTRA program will be evaluated for mentorship and possible collaboration with Applied Materials, helping them reach their growth potential

Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., along with Applied Materials India Private Limited, selected seven deeptech startups during the fourth cohort of its start-up engagement program - ASTRA (Applied Startup Technology & Research Accelerator) in Bengaluru. ASTRA aims to collaborate with start-ups and transform disruptive possibilities into reality.

Based in India and Singapore the selected startups during ASTRA 2023 include Lightspeed Photonics, Portkey, Sungreen H2, Exposome, OIP Technologies, App Sentinels, and Ethereal Machines.

Chosen from a pool of 50+ outstanding applications, the selected start-ups pitched their business proposals to Applied Materials executives and industry leaders during the event. The start-ups were then evaluated based on criteria such as Fit to Applied Technology and Business, High-Value Problems Addressed, Differentiation from Existing Market Solutions and Business Models, and Growth Potential. The areas of focus for ASTRA 2023 were Generative AI, Semiconductor and Display Technologies, Sustainability, Supply Chain Solutions, Cybersecurity, Advanced Materials, Advanced Optics and Photonics, and AI Hardware.

Commenting on the occasion, Om Nalamasu, Senior Vice President and Chief Technology Officer of Applied Materials, Inc., and President of Applied Ventures said, "I would like to congratulate the seven selected start-ups for their innovative solutions. All of them have showcased exciting visions of the future, and we look forward to helping them reach their full potential through collaboration and mentorship. The ASTRA program connects us with some of the most dynamic deeptech startups, and we want to continue this incredible journey where Applied Ventures can play a significant role in fostering innovation, collaboration, and entrepreneurship to cultivate a thriving start-up ecosystem."

Anand Kamannavar, Global Head, Applied Ventures, and sponsor of ASTRA, said, “The fourth cohort of ASTRA has showcased breakthrough innovations across the broader Materials to Systems™ stack in the areas of Generative AI, Semiconductors, ESG, and Supply Chain. We are thrilled to engage with the shortlisted startups; they all have tremendous potential to transform the market ecosystem. Applied Ventures will continue to support breakthrough companies across the globe, help bring their innovations to market, and guide their journey towards becoming successful business models.”

Srinivas Satya, Country President, Applied Materials India said, “We've always believed in the power of entrepreneurship to drive meaningful change, and we're excited to see how these shortlisted startups will contribute to India’s semiconductor ecosystem. By collaborating with these cutting-edge businesses, we are accelerating the creation of a local semiconductor ecosystem and building on the recent announcement of our intent to establish a Collaborative Engineering Center in India.

With ASTRA 2023, Applied Materials and Applied Ventures are leveraging their extensive technical and industry expertise to accelerate the growing start-up ecosystem. The companies selected during the fourth cohort of ASTRA will now be assessed for mentorship, possible collaboration with Applied Materials, and investment opportunities from Applied Ventures. As a consultant, Applied Materials will help the final start-ups selected this year address market and technology challenges and explore potential scale-up pathways. The selected companies will also have access to Applied Materials’ product development expertise, best-known methods for maximizing market opportunities, infrastructure, and ecosystem connections.

Following are the selected start-ups during ASTRA 2023 —

1. App Sentinels
• Full life-cycle API Security platform
2. Exposome
• Material chemistry technology for abating industrial wastewater & emissions
3. Ethereal Machines
• Axis CNC Machining
4. Lightspeed Photonics
• Photonics: Optoelectronic interconnects and modular processors
5. OIP Technologies
• Optical-in-Package solution with advanced packaging technology
6. Portkey
• Production-ready tools to make Generative AI apps
7. Sungreen H2
• High-efficiency electrolyzer components for Green Hydrogen production

About Applied Ventures, LLC

Applied Ventures, LLC, the venture capital arm of Applied Materials, invests in innovative technology companies globally that promise to deliver high growth and exceptional strategic and financial returns. For more than a decade, Applied Ventures has invested in startups globally, including India, that are pioneering innovations in semiconductor and display technologies, high-performance computing, smartphones, augmented and virtual reality, AI/ML, autonomous cars, big data, life sciences, fab automation software, robotics, sensors, advanced materials, and ESG.

DeepTech focused SanchiConnect's PreSeed Accelerator Announces Preseed Funding, Market Access Support to 6 Green Mobility Innovations

The program received 552 applications from all over the country of which 6 startups after 75 days of intense screening and diligence were picked for investments

SanchiConnect, a community focused on deep-tech start-ups, investors, and corporations unveiled its PreSeed Accelerator's latest milestone in driving innovation and sustainability. Six exceptional startups have been selected for acceleration and capital infusion of INR 75 Lac, coupled with 100 days of focused market access support, through the pioneering PreSeed Accelerator program. This initiative is set to catapult the development of innovative solutions in the realm of green mobility.

The program received 552 applications from all over the country of which 6 startups after 75 days of intense screening and diligence were picked for investments. The selected cohort startups include EVhicle, Simactricals, Dockervision, Swappdesign, PerUse and The Energy Company.

“India stands on the cusp of a revolution in the field of sustainable mobility, and our partnership with Sanchi Connect for the Green Mobility Accelerator program serves as an exceptional platform to gain access to the entire Indian Mobility landscape along with providing a comprehensive pipeline of ongoing developments across the ecosystem, as we see great potential in these new age tech companies" said Karan Mittal, Partner, Ev2 Ventures. 

Addison Appu, ThinKuvate VP Investments said he and the team is excited to participate in this unique program and believes that “EV sector is going to witness unprecedented growth in the coming years, Be it battery tech, charging tech or EV financing, all the sub sectors present plethora of opportunities where we will see new unicorns emerging”.

The PreSeed Accelerator with cohort 1 as "Green Mobility," is a testament to SanchiConnect's unwavering commitment to fostering entrepreneurial talent and propelling innovation. With the backing of leading micro VC partners Ev2 ventures, Sea Fund, and ThinKuvate, the selected startups will benefit from not only substantial funding but also unparalleled mentorship and strategic guidance. The accelerator was launched in partnership with Yamaha Motors Solutions India, Desai & Diwanji law firm, and IDFC First Bank.

Speaking on the Preseed Funding Mayuresh Raut, Managing Partner at Seafund said “We are extremely bullish about the 6 startups that we are backing in this program. It’s a great representation of Indian entrepreneurs using their domain understanding and technical skills to solve India specific problems in Mobility that is going to change the face of this industry in the coming days.”

"Today, we mark a pivotal moment in our mission to champion innovations in deep and emerging tech," said Dr. Sunil Shekhawat, CEO of SanchiConnect. "Our PreSeed Accelerator program, in partnership with esteemed micro VCs and industry majors is poised to empower these startups to redefine the future of green mobility."

SanchiConnect itself is fortified by the formidable backing of the management of BaringIndia PE fund and IP Ventures, further solidifying the program's foundation. This strategic collaboration reflects a shared vision to foster an ecosystem where groundbreaking ideas can thrive, ultimately contributing to a more sustainable and vibrant future.

In line with its commitment to addressing pressing global challenges, Dr. Sunil Shekhawat announced the imminent launch of the next PreSeed Accelerator cohort, which will centre around climate technology and sustainability. This announcement underscores SanchiConnect's dedication to being a driving force in advancing solutions that hold the potential to reshape industries and positively impact the world.