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The AI initiative in India aims to offer financial backing and assistance to deep tech startups, as per specialists. The government's initiative towards deep tech startups, through the recently launched India AI mission, is seen as a positive step by industry experts in fostering a favourable investment climate. This mission, aimed at accelerating research and development (R&D) in these startups, is anticipated to enhance innovation and cultivate new business models within the sector. With a budget allocation of Rs 10,372 crore over five years, the India AI Mission, approved by the Union Cabinet, dedicates nearly Rs 2,000 crore to finance deep-tech startups, specifically focusing on expediting R&D in these ventures. The move is welcomed as it addresses a significant hurdle faced by deep tech startups in India, namely, the lack of adequate financial support, which has hindered innovation. Avi Dahiya, founder and CEO of Twyn, a deep tech enterprise SaaS startup, highlights the challenges faced by such startups due to the intricate nature of their projects, prolonged development cycles, and perceived risks, leading to repeated rejections. Currently, there are approximately 3,000 deep tech startups in India, but less than 20% have managed to secure sufficient financial backing. While the allocated Rs 2,000 crore is considered a positive step in building a conducive investment environment, industry stakeholders emphasise the need for clarity in regulations and data sharing policies to further attract investors. The India AI Mission is expected to encourage new corporate social responsibility initiatives to support deep tech startup R&D through technology business incubators (TBIs) and government-supported incubators. Additionally, the mission's emphasis on accelerating R&D in deep tech AI startups is anticipated to create more opportunities and foster the development of new business models, making R&D a necessity for competitiveness across sectors. The approval of the India AI Mission aligns with the government's ongoing efforts to bolster innovation in the deep tech sector, evident from the Draft National Deep Tech Startup Policy introduced last year. The mission aims to position India as a global AI leader by democratising access to artificial intelligence through initiatives like creating an AI marketplace and facilitating collaboration within AI ecosystem. Furthermore, the mission presents opportunities for government departments to collaborate directly with startups on AI-related challenges specific to India. With proper funding and support. . . . #socialmediamarketing #post #reels #trading #forextrading #tradingnews #livenews #newslive #liverpoolnews #startiyapa #official #reelsviral #viralreels #news #newsong #newseason #newstyle #newsingle #sneakernews #newstart #breakingnews #newsupdate #newstore #newshop https://lnkd.in/drqFYwXN

India's AI ecosystem is poised for a significant boost with the government's allocation of ₹2000 crore towards supporting AI-related startups as part of the India AI Mission. Under this mission, a total of ₹10,372 crore has been approved by the Cabinet for a five-year period, signaling a robust commitment to fostering AI development in the country. 1️⃣ Mission in Motion: The India AI Mission aims to bolster the AI ecosystem in India, with a focus on supporting startups and facilitating innovation in emerging technologies. With a substantial allocation of funds, the mission is set to drive transformative changes across various sectors. 2️⃣ Startup Support: MeitY Startup Hub (MSH) is at the forefront of supporting startups through funding and incubation. Currently backing 143 incubators and centers of excellence (CoE) nationwide, MSH provides crucial funding support to startups at different stages of their journey. 3️⃣ Supercomputing Capacity: One of the key components of the India AI Mission is the provision of supercomputing capacity, including over 10,000 GPUs. This initiative will enable stakeholders to harness advanced computing power for AI-driven innovation, paving the way for groundbreaking developments. 4️⃣ Geographical Inclusivity: Recognizing the importance of fostering entrepreneurship beyond metropolitan areas, the government is committed to funding startups in smaller towns across India. This inclusive approach aims to unlock the potential of diverse regions and drive economic growth. 5️⃣ Collaborative Ecosystem: While the government plays a pivotal role in supporting startups, collaboration with the private investment community is essential. By working closely with investors, the government aims to stimulate domestic investment in Indian startups, ensuring sustainable growth and development. In conclusion, the India AI Mission's allocation of ₹2000 crore for AI-related startups signifies a significant milestone in India's journey towards becoming a global leader in AI innovation. With a focus on fostering entrepreneurship, driving innovation, and building a collaborative ecosystem, India is poised to unleash the full potential of its AI ecosystem. What are your thoughts on India's ambitious AI Mission and its impact on fostering innovation and entrepreneurship in the country? Share your insights with us! Ministry of Electronics and Information Technology #entrepreneurship #startup #business #entrepreneur #technology

## India's Startup Ecosystem Enters a New Era of Deep Tech and AI Innovation As the Indian startup ecosystem celebrates its first decade with an impressive 31,000 startups and over $70 billion in equity funding, it is clear that the country has emerged as a global tech powerhouse[1]. With the rise of 90+ unicorns and the creation of over 10.50 lakh jobs, India has solidified its position as the third-largest startup hub after the US and China[1]. The growth has been particularly strong in key sectors like enterprise tech, health tech, and fintech, which now account for over 70% of tech startups, up from 60% in 2014[1]. This surge has been driven by a fifteen-fold increase in the number of tech startups, demonstrating the ecosystem's resilience in the face of challenges like the COVID-19 pandemic and funding slowdowns[1]. However, the next phase of growth will be defined by deep tech startups leveraging AI and emerging technologies to address global challenges[1]. With over 3,000 deep tech startups and growing investments in AI, India is poised to become a leader in this space[1]. The rise of women-led startups, which have increased from 10% in 2017 to 18% in 2022, is another exciting development[1]. As we look ahead, it's clear that the Indian startup ecosystem is entering a new era of innovation and growth. By focusing on deep tech and AI, and addressing challenges like access to funding and regulatory hurdles, the ecosystem can continue to thrive and make a significant impact on the global stage. #StartupEcosystem #DeepTech #AI #Innovation #India #Entrepreneurship

70% of Indian Startups Bet Big on AI to Power Growth As per a new survey released by Nasscom in collaboration with consulting firm Zinnov, as many as 70% of companies are investing in artificial intelligence (AI) to improve product capabilities and internal efficiencies. “In 2023, despite facing global economic and regulatory challenges, Indian tech startups have prioritised the imperative of enhancing their business fundamentals, driving profitability and growth,” said Nasscom president Debjani Ghosh. “Tier-II/III cities are transforming into new innovation hubs, decentralising the start-up landscape,” said Zinnov CEO Pari Natarajan, adding that India's tech startup ecosystem continues to grow at an impressive clip. “The ecosystem is likely to see improvement in funding, impending IPOs taking place, and innovation across disruptive technologies and key sectors,” the report noted. Startups saw $6 billion in equity funding last year and 72% of all funding was at the seed-stage, compared to 64% in 2022, the report said. About 46% of founders expect a better funding environment in 2024 and a significant portion of unfunded tech startups anticipate higher revenues in 2024 compared to funded ones, the report noted. ________________________________________________________________________ Explore India’s first-ever Startup Ecosystem that helps you bridge the gap between your ideas and reality- https://lnkd.in/gRdVf2gJ #startups #artificialintelligence #startupecosystem #india #business

AI AI AI.......... Bengaluru is undoubtedly the Start up hub of India, but do you know what other future technologies that the city is rapidly adopting to become a hub of..? Yes its non other then ARIFICIAL INTELLIGECE & MACHIN LEARNING But how...?👇 #AI #ArtificialIntelligence #Investment #VentureCapital #StartupInvestment #IndiaAI #BengaluruAI #IndianStartup #BengaluruStartup #InvestIndia #AIRevolution #GrowthInvesting #High_Growth_Startups #EmergingMarkets #ConnectWithUs #AngelInvestor #JoinTheMovement #ExploreAI

Angel Investors, Take Note: AI is Booming in Bengaluru, India's Startup Hub The #future is AI-powered, and India is at the forefront of this #revolution. A recent study by TeamLease Digital reveals that #AI adoption across key Indian sectors has reached a staggering 48%, and projected to reach 53-55% in FY25. But where's the hottest spot for AI innovation in India? Look no further than Bengaluru, the country's undisputed #startup hub. #Bengaluru boasts a thriving #ecosystem of AI-powered startups, from healthcare and pharma to manufacturing and retail. This presents a golden opportunity for #angel #investors seeking high-growth potential. Here's why Bengaluru is the perfect launchpad for your AI investment journey: - A Pool of Talent: Bengaluru is a magnet for top AI talent, ensuring a steady stream of brilliant minds to fuel #innovation. - Government Support: The Indian government is actively promoting AI development, with initiatives like the India AI Mission providing crucial support for startups. - Maturing Infrastructure: Bengaluru has a robust infrastructure for tech startups, including co-working spaces, #venture capitalists, and access to cutting-edge #technology.   Ready to explore the exciting world of AI startups in Bengaluru? Qi Ventures, a leading investor in the Indian startup ecosystem, is actively seeking partnerships with angel investors like you. We have a keen eye for spotting high-growth potential in AI-powered ventures. Connect with us today to explore our portfolio and discover how you can become a part of India's AI future! Visit our website at https://www.qiventures.in/  to explore the exiting portfolio of different AI based startups across various sectors Follow us on LinkedIn for regular updates on the latest AI trends and promising startups in Bengaluru. Stay tuned……..   #AI #ArtificialIntelligence #Investment #VentureCapital #StartupInvestment #IndiaAI #BengaluruAI #IndianStartup #BengaluruStartup #InvestIndia #AIRevolution #GrowthInvesting #HighGrowthStartups #EmergingMarkets #ConnectWithUs #AngelInvestor #JoinTheMovement #ExploreAI

This article is telling. Indian investors and startups have always prioritised money over genuine innovation via R&D. No wonder we lag far behind in original technology and business ideas despite having one of the largest startup ecosystem. In AI, focus and investment on innovation via R&D will bring much better financial rewards in the long run. We have to get over the jugaad and ‘quick buck’ mindset to make India truly a force in technology. Many countries in ME, SEA and EU, apart from USA, China, Japan and Korea, are investing heavily in development of AI solutions and infrastructure. Unless we change now, we will be left far behind. As friend Kshitij Sharma says, if investors in India don’t have apetite for R&D, invest in the stock market. Will deliver better returns than venture at much lower risk. https://lnkd.in/g4WBbGCC

India's #GenAI #startup ecosystem is experiencing rapid growth, with significant investments and a surge in new startups and innovative applications. This burgeoning sector, driven by strong industry partnerships and government support, positions India as a global leader in #AI-driven advancements. According to India’s Generative AI Startup Landscape 2024 report, over 17 #Indic and vertical-specific models have been launched in the past year alone, there has been a fourfold increase in GenAI assistant #applications, and there has been a 4.6X surge in GenAI services startups. As per Statista, funding for Indian GenAI startups reached an impressive $760 million in the first half of 2024, marking a significant leap from 2021. The EY CEO Outlook Pulse 2023 report reveals that 84% of Indian #CEOs are reallocating budgets or securing fresh capital for GenAI investments—well above the global average of 70%. Read the complete story here: https://lnkd.in/gqFR7fTD nasscom Ministry of Electronics and Information Technology Digital India Programme INDIAai Shakoor Rather Anjali Raja Milin Stanly IIMA Ventures T-Hub JioGenNext InnoVen Capital India Titan Capital India Accelerator

Discover how the India artificial intelligence (AI) mission is set to revolutionize the landscape for deeptech startups, providing crucial financial support and fostering innovation in the sector. With an allocated budget of Rs 2,000 crore aimed at accelerating research and development, the mission signifies a pivotal step towards overcoming the longstanding hurdles faced by deeptech startups in accessing funding. Industry experts laud the initiative, recognizing its potential to stimulate investment, drive innovation, and propel India's position in the global AI ecosystem. From addressing the challenges of extended development cycles to attracting more investors, delve into how this strategic move is reshaping the future of AI entrepreneurship in India. Read this article by Business Standard titled as "India AI mission to provide funding, support to deeptech startups: Experts" to explore how the India AI Mission is transforming the startup landscape in the country. Read here: https://lnkd.in/deYAvpn6 . . . . #9colab #startup #startupworld #business #startupadvisory #wednesday #wednesdaywisdom #businessstandard #innovation #technology #company #wednesdaypost #startupfunding #funding #investors #challenges #experts

Indian Startup World Looking healthier than ever . Quoting Mr Nikhil Kamath ( Missing out what’s happening in India will be the biggest fomo for anyone ). 2024 has been a year of significant developments in the startup ecosystem. Here are some of the key highlights: * Indian SaaS Startup Funding Sees 33% YoY Spike In H1 2024: Indian SaaS startups raised $915 Mn from investors till June 2024, 33% higher than H1 2023 ($683 Mn). This is nearly 18% of the total startup funding tally of $5.3 Bn in the first six months of 2024. * Unicorn Creation: Six new unicorns emerged in 2024, including three SaaS startups - Ola Krutrim, RateGain, and Perfios. * Horizontal SaaS Dominates Deal Activity: In the first half of 2024, horizontal SaaS companies raised $719 Mn across 67 deals, compared to $196 Mn raised by vertical SaaS startups across 24 deals. * AI and ML Driving Growth: Startups are leveraging artificial intelligence (AI) and machine learning (ML) capabilities to drive the next wave of growth. Other notable startup news in 2024: * AO Smith completes ₹600-crore acquisition of HUL's water purification business Pureit. * Molg's robotic microfactory can autonomously disassemble complex electronic products. * ForceMetrics raised $22 million to provide real-time data to emergency responders. Nikhil Kamath Harvard Business Review