SAN FRANCISCO / LONDON (IT BOLTWISE) – NVIDIA and Qualcomm Ventures join a growing group of investors to support India’s deep tech startups. This initiative coincides with India’s new $12 billion research and development program.
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NVIDIA and Qualcomm Ventures’ support for India’s deep tech startups marks a significant step in the evolution of the country’s technological landscape. While NVIDIA serves as strategic technical advisor, Qualcomm Ventures brings in over $850 million in funding. These partnerships are part of a broader initiative aimed at strengthening India’s technological sovereignty and encouraging the development of startups tackling complex infrastructure problems.
In recent years, India has evolved from a market that mimics Western business models to a hub for SaaS companies that operate globally. However, focus has increasingly shifted to solving infrastructure challenges, such as satellite development, transport electrification and semiconductor design. This shift will be further accelerated by government support and the introduction of the new Research, Development and Innovation (RDI) program.
The launch of the India Deep Tech Alliance (IDTA) by Celesta Capital and other investors aims to bridge the gap between the availability of capital and the needs of deep tech startups. The alliance plans to provide capital, mentorship and network access over the next five to 10 years. NVIDIA will provide technical insights and resources, while Qualcomm Ventures will strategize its investments to support the development of these startups.
NVIDIA and Qualcomm’s participation in this initiative highlights India’s potential as an emerging market for deep tech innovation. Despite the successes to date, funding for such projects remains limited compared to developed markets such as the US. Through its efforts, the alliance hopes to not only attract more capital but also stimulate global interest in India’s startup ecosystem. Experts are optimistic that these developments will lead to a significant increase in technology-focused companies listed on major stock exchanges in the next few years.
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