It's time to work hand-in hand with the Technology Partners

In today’s digital-first world, keeping our data both private and secure is imperative. The global pandemic has uprooted every industry to some degree. The challenge is when it comes to putting your trust in a technology partner, how do you ensure they’re top of their game when it comes to handling your information? The solution for many is leveraging technology to reach customers who are operating businesses remotely, living in lockdown or looking to replace the companies in their lives that have gone under.

A recent research states that, Indian companies who have invested smartly into Deep tech startups are now the blue eye of the global companies to gain access for their expansion and the hot target for acquisitions, indicating a strong demand for startups focusing on disruptive technologies that can solve complex global problems. Deep tech startups refer to those whose business model is based on high tech innovation in engineering or significant scientific advances. According to Nasscom, India had about 2,100 deep tech startups as of 2020.

Recently, Nasscom launched the second edition of its deep tech mentoring program called Deep Tech Club (DTC) 2.0 earlier this year. The initiative aims to nurture and promote Indian deep tech startups, and discover disruptive startups enabled by artificial intelligence, machine learning, augmented reality, virtual reality, internet of things, robotics, blockchain, natural language processing, and similar technologies. Deep tech companies are getting acquired for two possible reasons, “One is, large companies may want to fill certain technology gaps in their portfolio.

The other reason is, a very good tech team of a startup may be working on the wrong problem. So, that startup might get acquired to bolster their tech talent. The fact is many large companies look to acquire niche deep tech startups to gain access to a technology stack that they may not be able to build on their own as many of them may not be digital natives. Often, such acquisitions also offer quality talent at an affordable cost. Another fact of life is larger companies, that are not traditionally tech-first, look to acquire or partner with these deep-tech firms to access technology or talent.