NASSCOM Product

DeepTech Club

Blog Post created by NASSCOM Product Moderator on Jul 18, 2018

The AI Revolution is upon us. Countries like Israel and China are going at break-neck speed and going multiples of X every 2 – 3 years, so there’s a lot of catch-up to do.

 

The DeepTech Club is an initiative by the NASSCOM Product Council to accelerate and upgrade the Deep Tech ecosystem in the country. India already has a rich technology and entrepreneurial talent base, and we can take it to the next level by nurturing deep tech ventures. Industry connects and mentoring are the critical gaps which will need to be addressed to help DeepTech ventures succeed and new ventures to emerge from academia and labs. By connecting ventures with corporates who can be partners and customers for the technology, NASSCOM will enable success for a few.

 

We formally launched the DeepTech Club at NASSCOM Product Conclave in October last year. The first batch had 20+ companies who were mentored and supported by industry leaders. 3 of the First Batch of companies got funded and others are in active discussions. 3 were accepted by Mass Challenge in Israel. Most importantly, almost all participants saw their value proposition, go-to-market and growth rate improve significantly. The list of DeepTech Club Batch 1 mentors and selected companies is available at http://www.nasscom.in/deeptechclub/

 

The recent Batch One graduation event had well-known Investors (Matrix, Norwest, Kalaari, IdeaSpring, Pravega, Prime, Pi, Venture East, IAN, SRI Capital, YourNest) and Corporate CXOs (Accenture, AIG, MindTree, Societe Generale, TCS, Infosys, mPhasis, ITC Infotech, WalmartLabs, Intel) interacting with Club members.

 

Now we are kicking off the next batch of the DeepTech Club. Selected DeepTech companies will be recognized, nurtured and promoted by NASSCOM via various programs, platforms and events. The next step on our way to 1000!

 

Know more about NASSCOM's initiatives and programs, follow NASSCOM impact stories

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