Hyderabad Emerges as Deep Tech and Hardware Hub
Hyderabad's technology ecosystem is showing significant momentum with several local startups securing new funding. Deeptech IoT startup Datoms is set to raise ₹25 Cr (~$3M) in a Series A round for its industrial IoT platform. Further cementing the city's role in hardware, another local startup is now building custom-designed chips for edge and AI applications.
- The government of Telangana fosters a supportive environment for deep tech and hardware startups through its Innovation Policy, offering incentives like reimbursement for SGST and the cost of filing patent applications. Specific policies for IoT, drones, and electric vehicles also provide for early-stage funding, manufacturing support, and mentorship. - The Integrated Circuits Inspired by Wireless and Biomedical Systems (IC-WiBES) group at IIIT-Hyderabad is developing the custom chips mentioned. Their focus is on application-specific integrated circuits (ASICs) for strategic areas like healthcare and critical infrastructure, utilizing millimetre-wave radar for non-contact health monitoring. - Datoms' industrial IoT platform provides remote monitoring and control for assets across various sectors, including clients like TATA Motors, Nalco, and Gencor. Their solutions focus on challenges like fuel monitoring, operational efficiency, and environmental compliance. - Hyderabad's tech startups saw a 160% increase in funding in 2024, reaching $571 million across 81 rounds. The deep tech sector in the city comprises 494 companies, which have collectively raised over $742 million in venture capital. - T-Hub, a key innovation hub in Hyderabad, has incubated nearly 2,000 startups and recently selected seven startups for its semiconductor program. These selected companies, including Edgeble AI and Sprintronics AI Semiconductors, will receive support for rapid prototyping and market access. - To further bolster hardware innovation, the city is home to T-Works, India's largest prototyping center, providing startups with access to advanced machinery and testing labs for electronics, and electromechanical product development.
