Here's a breakdown of the potential next big wave for Indian startups:
Deep tech: This involves applying complex technologies like artificial intelligence (AI), blockchain, and Internet of Things (IoT) to solve problems in areas like healthcare, agriculture, and clean energy. Investors are looking for startups that go beyond simple consumer apps and solve substantial challenges.
Focus on intellectual property (IP): Developing new, innovative products and solutions will be key for Indian startups to compete globally. This could involve creating new devices, materials, or processes.
Tier 2 and 3 cities: The startup boom has largely been concentrated in metro cities. The next wave is expected to see more startups catering to the needs and challenges of smaller cities and rural areas.
Social impact: There's a growing interest in startups that address social issues like poverty, education, and healthcare. These startups could use technology to create a positive impact on society.
