Can we unlock deep-tech in Indian startups for long-term success?

Aswathy Sreenivasan and M. Suresh

Technological Sustainability, 2023, vol. 3, issue 1, 68-75

Abstract: Purpose - Innovation in technology is nothing new. However, a strong surge of inventions centered on digital apps and platforms has emerged over the past decade and has come to be associated with the tech sectors. The purpose of this research is to know whether deep-tech can be unlocked in startups for their long-term success. Design/methodology/approach - Papers and websites that included the term deep-tech startups were considered for this study. Findings - The authors have seen no explanation why India cannot develop several global deep-tech firms in the coming five years, similar to what China did in the previous 10 years, if Indian deep-tech entrepreneurs receive solid support from domestic industry giants, supportive regulatory changes and prompt access to finance. The authors think that the epidemic has made conditions for this to pick up speed that is highly favorable. Research limitations/implications - This research is limited to a few numbers of papers and websites. Practical implications - Due to the unanticipated disruption, the pandemic caused, clever robotics and hands-free technology were urgently needed. The development of smart, self-monitoring, simple, tailored and potential on-the-go improvement solutions are the talk of the day. Deep-tech solutions have the ability to provide limitless benefits in a variety of fields to the world's 1.3 billion inhabitants. Social implications - This research will help startups to know more about deep-tech and implement them to be the first-mover advantage in this competitive and turbulent environment. Originality/value - The novelty of this research is based on its presentation of an organized and thorough evaluation, which defines the current state of the art with regard to deep-tech startups. Not many studies have been performed in the area of deep-tech startups. In order to create a sustainable startup, a thorough study on how deep-tech can be unlocked in startups and its opportunities, challenges and funding is presented.

Keywords: Deep technologies; Deep-tech startups; Funding deep-tech; India (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:eme:techsp:techs-01-2023-0001

DOI: 10.1108/TECHS-01-2023-0001

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