Is There a Strong Connection Between Youth and DeepTech in India?
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Synopsis
On October 29, Minister Piyush Goyal highlighted the significant connection between India’s youth and the concept of DeepTech at a major conference. He emphasized the government's commitment to fostering innovation across various fields, including AI, quantum computing, and more, revealing a bright future for India's technological landscape.
Key Takeaways
- Strong connection between youth and DeepTech.
- Government's commitment to innovation.
- Significant investment in AI and quantum computing.
- Collaboration among CXOs, policymakers, and scientists.
- Focus on building a robust innovation ecosystem.
New Delhi, Oct 29 (NationPress) There is a strong connection with the term DeepTech among the youth across the nation today, and the government is committed to fostering innovation in every aspect, said Commerce and Industry Minister Piyush Goyal on Wednesday.
While speaking at India's premier DeepTech conference in the capital, organized by The IndUS Entrepreneurs (TiE) Delhi-NCR, the minister remarked that the journey of DeepTech encompasses a holistic meaning.
“It's not limited to artificial intelligence; it includes quantum computing, machine learning, defense, spacetech, the semiconductor mission, and beyond,” he shared with the audience.
Goyal emphasized that the government's initiatives aim to embed technology into India's DNA through the enhancement of our intellectual property ecosystem. All these efforts collectively support the DeepTech ecosystem,” he noted.
“Investments are not merely financial; they also encompass efforts to advance innovation in India. A simple Google search reveals the profound connection of DeepTech with today's youth,” stated Goyal.
“Indians are ready to embrace entrepreneurial challenges. We aspire for greatness and are destined to play a pivotal role on the global stage. Let's aim for global dominance,” he added.
The Union Budget 2025-26 allocated a significant amount towards the development of DeepTech and AI-enabled platforms through the Rs 10,000-crore Fund of Funds scheme, aiming to create new opportunities in the startup and innovation ecosystem, particularly in Artificial Intelligence.
This two-day conference will convene CXOs, policymakers, investors, scientists, and builders to propel India's transformative decade in AI, quantum computing, semiconductors, space, defense, biotech, and life sciences. It will explore cutting-edge technologies, including AI, quantum computing, semiconductors, space, and defense.
High-ranking officials from DPIIT, MeitY, India AI Mission, and Anusandhan National Research Foundation (ANRF) were scheduled to present at the event. The gathering will feature a Lab2Scale showcase, highlighting 10–12 research projects in brief five-minute pitches.
Point of View
It is essential to recognize the pivotal role that DeepTech plays in shaping the future of India. The government's commitment to fostering innovation reflects a broader vision that aligns with the aspirations of the youth. This approach not only enhances India's global standing but also empowers its citizens to become leaders in technology. We must continue to support this trajectory for the benefit of our nation.
NationPress
01/11/2025
Frequently Asked Questions
What is DeepTech?
DeepTech refers to advanced technologies such as AI, quantum computing, and biotechnology that require substantial scientific research and development.
How is the Indian government supporting DeepTech?
The Indian government is supporting DeepTech through initiatives like the Fund of Funds scheme, which allocates significant resources towards developing AI and other advanced technologies.
What was discussed at the DeepTech conference?
The conference covered a range of topics, including AI, quantum computing, semiconductors, and the importance of fostering innovation across various sectors.
Why is DeepTech important for India's youth?
DeepTech is crucial for India's youth as it presents numerous opportunities for innovation, entrepreneurship, and global leadership in technology.
What impact does the Union Budget have on DeepTech?
The Union Budget's allocation towards DeepTech aims to open new avenues for startups and innovation, particularly in AI and advanced technologies.
