Arctic Invent, SanchiConnect, and 8X Ventures have collaborated to establish India’s first privately managed DeepTech Innovation Hub.
New Delhi, July 18, 2024: DeepTech VC (8X Ventures), DeepTech Community Enabler (SanchiConnect), and IP advisory firm (Arctic Invent) have launched India’s first privately sponsored DeepTech Hub. This hub aims to support up to 10 DeepTech startups in its first year without requiring equity dilution. The objective is to unite members of the thriving DeepTech ecosystem who have graduated from incubation centers but still need ecosystem support to realize their dreams. Collectively, the hub aims to mobilize $100 million in the DeepTech ecosystem.
The DeepTech Hub operates in a 7,000+ sq ft area in Noida, with ambitious plans to expand to a 100,000+ sq ft space over the next year to meet the growing interest from startups, VCs, and ecosystem members. The hub will feature state-of-the-art labs, collaborative workspaces, essential shared resources for scaling DeepTech startups, and exclusive access to industry-leading mentors and experts. This expansion is a testament to the thriving DeepTech ecosystem in the area, which the hub aims to foster. Interests are being collected at www.deeptech.social.
8X Ventures, an early-stage DeepTech VC firm led by Chirag Gupta, recently announced the first close of its second INR 200 crore DeepTech Fund. Their previous fund has invested in Solinas Integrity, XYMA Analytics, Patherun Technologies, Lightspeed Photonics, and Zenpulsar.
SanchiConnect is one of the largest DeepTech ecosystem enablers in the country today. As a SaaS platform, it supports over 3,000 DeepTech startups and more than 500 academic incubators, mentors, corporates, institutional funds, and technology partners. It often runs focused programs with corporations, academic institutions, and VC firms, emphasizing providing funding and market access to startups.
Arctic Invent, founded in 2013, is a leading full-service intellectual property rights (IPR) consulting firm. With over 80+ experts and 5,000+ granted IPRs, it helps businesses globally protect and leverage their innovations and creative works. Partnered with Basck IP Consulting in the UK, Arctic Invent offers comprehensive IP services, transforming intellectual property into valuable business assets in India, Europe, and North America.
Chirag Gupta, Managing Partner of 8X Ventures, emphasized, “We believe that Indian DeepTech innovators of today will become globally transformative companies tomorrow. That only happens with sufficient support. It is about time that NCR’s growing startup ecosystem had a hub like the one we are building.”
“We are excited to lay the foundation of India’s first privately managed DeepTech Innovation Hub. This initiative aims to support the DeepTech ecosystem in the country by offering vital resources and support to startups that have moved past the incubation phase. We aim to help them focus on their core business and bring their ideas to market steadily,” said Dr. Sunil Shekhawat, CEO of SanchiConnect.
“Our goal has always been to help innovators protect and grow their ideas. Now, being part of the DeepTech Hub, our global IP expertise and decades of experience working with DeepTech companies will reach startups in a much more curated and customized form. We are excited to be part of this initiative and look forward to helping DeepTech businesses succeed,” said Mr. Govind Kedia, Managing Director of Arctic Invent.
