Dr. Raghunath Mashelkar, a prominent figure in Indian scientific research and former director general of the Council of Scientific and Industrial Research (CSIR), recently addressed the FICCI Legends Series, emphasizing the pivotal role of deep-tech and artificial intelligence (AI) in defining India’s future. He argued that India must transition from being a consumer of technology to a creator of world-class innovations that are affordable and accessible to millions.

“India must create affordable, globally competitive solutions that benefit millions,” Dr. Mashelkar stated, highlighting the need for a shift in the country’s approach to technology. He pointed out that the existing government procurement policies favor the lowest bidder, which stifles innovation and hinders the growth of indigenous technologies. To foster a more innovative environment, he called for a complete overhaul of these policies, suggesting that the government should act as a risk-sharing partner rather than merely a purchaser of the cheapest products.

Transforming Government Procurement Policies

Dr. Mashelkar’s remarks shed light on a significant barrier to technological advancement in India: the current government procurement policy. This policy prioritizes cost over innovation, which stifles the growth of homegrown technologies. He urged for a new approach where the government incentivizes innovation, allowing for a more dynamic and competitive technological landscape.

According to NASSCOM, India’s deep-tech sector is experiencing rapid growth, with over 7,800 startups currently operating in this space. These startups are not only innovating but also creating jobs and contributing significantly to the economy. Dr. Mashelkar’s vision aligns with NASSCOM’s findings, which emphasize the importance of fostering an environment where innovation can thrive.

Deep-tech innovations, particularly in healthcare, have shown promising results. For instance, AI-powered tools for tuberculosis detection and affordable breast cancer screening technologies are providing high-quality healthcare solutions at lower costs. This aligns with Dr. Mashelkar’s philosophy of achieving “More from Less for More,” which aims to deliver superior performance while being accessible to a broader population.

According to NASSCOM, India’s deep-tech sector is experiencing rapid growth, with over 7,800 startups currently operating in this space.

Bridging Academia and Industry

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Collaboration between academia and industry is essential for driving innovation, according to Dr. Mashelkar. Many breakthroughs in technology stem from academic research, and fostering partnerships can accelerate the commercialization of these innovations. Tracxn’s data indicates that numerous deep-tech startups in India are engaging in research and development, increasingly collaborating with universities and research institutions to leverage cutting-edge research for commercial use.

Initiatives like AI-enabled diagnostics and digital healthcare platforms exemplify how academic insights can evolve into viable business models. The role of incubators and accelerators is also crucial in this ecosystem. Organizations like F6S support deep-tech startups by providing resources, mentorship, and funding, creating an environment where innovation can flourish.

Moreover, government policies that encourage research and development initiatives can stimulate growth in the deep-tech sector. By offering incentives for startups focusing on deep-tech innovations, the government can ensure that India remains competitive in the global market.

Economic Growth Through Technological Advancement

As India moves towards a future driven by deep-tech and AI, the implications for various sectors are profound. Industries adopting these technologies are likely to see enhanced efficiency and productivity. For example, manufacturing can leverage AI for predictive maintenance, while agriculture can utilize data analytics to optimize crop yields.

Career Ahead research indicates that the demand for skilled professionals in AI and deep-tech will continue to rise, creating opportunities for educational institutions to tailor their curricula to meet industry needs.

However, transitioning to a tech-driven economy presents challenges, particularly the need to upskill the workforce to meet new technology demands. Government initiatives focused on education and training in AI and deep-tech skills are crucial for preparing the next generation of workers. Career Ahead research indicates that the demand for skilled professionals in AI and deep-tech will continue to rise, creating opportunities for educational institutions to tailor their curricula to meet industry needs.

Defining India’s Innovation Model

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In this evolving landscape, innovation will play a pivotal role. Dr. Mashelkar noted that excellence, affordability, and inclusion must become the three defining pillars of India’s innovation model. This shift will enhance India’s global competitiveness and ensure that technological advancements benefit a wider section of society.

With the government and industry aligning their efforts to foster innovation, India could emerge as a hub for deep-tech and AI solutions in the coming years. The question remains: will India capitalize on this momentum to redefine its position in the global technology landscape?

Frequently Asked Questions

What are the latest trends in deep-tech innovation in India?

Deep-tech innovation in India is characterized by a significant rise in startups focusing on AI, healthcare, and sustainable technologies. With over 7,800 deep-tech startups, the sector is rapidly evolving and attracting investment.

What should deep-tech innovators focus on to align with India’s future economic goals?

How can AI researchers leverage government initiatives for funding?

AI researchers can tap into government initiatives that promote innovation and support startups. By aligning their projects with national priorities, they can access funding and resources aimed at fostering technological advancements.

What should deep-tech innovators focus on to align with India’s future economic goals?

Deep-tech innovators should create affordable and inclusive technologies that address societal challenges. By prioritizing solutions that benefit a broader population, they can contribute to India’s goal of becoming a global leader in innovation.

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