NASSCOM is happy to announce its first batch of DeepTech Club. This is a program intended to nurture and promote India’s Deep Tech software ecosystem: to promote creation and evolution of more Deep Tech ventures, products and solutions.
NASSCOM has always focused on cutting edge technological advances. Deep Tech for us would involve Artificial Intelligence (AI), Machine Learning (ML), AR/VR, Robotics, Natural Language IP technologies and so on. We believe Deep Tech is the way of the future and requires focussed attention, as against nurturing a conventional tech startup. Focussed attention for extended duration entails both theoretical knowhow and the practical handholding of Deep tech startups.
THE DEEP TECH CLUB
The NASSCOM DeepTech Club will be a club of identified and curated DeepTech companies who will be recognized, nurtured and promoted by NASSCOM via various programs, platforms and events. Some of the member benefits are enumerated below. The Club will have two segments.
1.Lab to Market
Pre-revenue DeepTech ventures (which might not even be incorporated yet) will qualify under this segment. The product or technology exists only in the lab (In academia institutions), or as an academic paper, or a student project or concept. The objective of the Club will be to mentor and assist these ideas to become real ventures. As these projects mature, they are expected to graduate into the next segment.
2.Crossing the Chasm
The segment will include ventures already generating revenues (up to 1mn USD p.a.) with their Deep Tech product. They will however continue to develop the technology in parallel with growing the venture. The DeepTech program will assist these ventures in business growth, technology development, and access to investors, customers and global markets.
Further, all members will be recognized and promoted at NASSCOM online forums and various events.