Nvidia, Qualcomm Ventures join India's deeptech push, Pg15.

Key Highlights:

• Nvidia joined the India Deep Tech Alliance, committing to support Indian deep-tech startups.
• The alliance secured over $850 million in capital commitments, addressing a funding gap.
• Qualcomm Ventures, Activant Capital, and others are new investors in the alliance.
• The initiative aims to boost sectors like space, semiconductors, AI, and robotics.
• India's deep-tech startup funding surged 78% to $1.6 billion last year.

Detailed Insights:

• The India Deep Tech Alliance was launched in September with a $1 billion initial commitment.
• Nvidia will provide technical guidance and policy input to help startups adopt AI and computing tools.
• The initiative addresses the chronic underfunding of research-driven startups with long development timelines.
• The Indian government launched a $12 billion initiative to spur research and development in the country.
• Deep-tech investment is vital for building core technologies that secure economic and strategic independence.
• The alliance members will deploy capital in Indian deep-tech startups over the next five to ten years.
• The alliance aims to provide mentorship and network access to deep-tech startups.

Key Concepts Involved:

• Deep Tech: Startups focused on high-end technology and scientific advancements.
• Venture Capital: Funding provided to startups and small businesses with growth potential.
• Artificial Intelligence (AI): The development of computer systems able to perform tasks that typically require human intelligence.