Deeptech venture capital (VC) firm 8X Ventures, Arctic Invent, and SanchiConnect have joined forces to launch India’s first privately managed deeptech innovation hub that will engage with up to 10 deeptech startups in the first year with no dilution on the equity front.

Collectively, the hub targets to mobilise $100 million in the Indian deeptech ecosystem.

The hub will operate from a campus in Noida with more than 7,000 square feet of area and has ambitious growth plans to move to a larger 100,000 square feet space over the next year to accommodate the growing interest from startups, VCs, and related ecosystem members.

The facility will feature space for state-of-the-art labs, collaborative workspaces, critical shared resources to scale deeptech startups, and exclusive access to industry-leading mentors and experts, according to an official announcement from the grouping.

The hub is collecting interests for participation at www.deeptech.social.

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