TIPS 4.0 sparks deeptech innovation: Over 40 deeptech startups garner funding commitments
Cyber-Physical Systems (TIPS 4.0), a bi-annual event, was conducted by the Department of Science and Technology (DST) under the aegis of the National Mission on Interdisciplinary Cyber-Physical Systems (NM-ICPS).
The event, held on 13–14 May 2024, was hosted by the Technology Innovation Hub for IoT & IoE (TIH-IoT) at IIT Bombay. It witnessed the participation of 48 deeptech startups and a promising investment commitment towards 44 innovative startups. Shireesh Kedare, Director – IIT Bombay, addressed the gathering, followed by Abhay Karandikar, Secretary, DST. The inaugural session concluded with the remarks of Ekta Kapoor, Mission Director – NM-ICPS and Head of FFT Division, DST.
Abhay Karandikar, Secretary, Department of Science and Technology (DST), said in a statement, “This is the first time that TIPS featured deeptech startups taking centre stage to present their work to potential investors, while their supporting Technology Innovation Hubs showcased their developments and progress in the workshops. This milestone demonstrates significant progress towards our mission, as we continue to foster lab-to-market opportunities to support deeptech innovators in our nation.”
Padmaja Ruparel, Co-founder, Indian Angel Network, said, “The NM-ICPS programme is one of a kind in India. It moves research to commercialisation and creation of startups and value. It is focused on sectors that are imperatives for the new India. It will take India to a $5 trillion economy by 2047, the vision of Hon'ble Prime Minister Shri
