The technology startups space of the country stands to gain as early stage venture capital firm, 50K Ventures, is likely to invest $1 million in emerging tech startups.
The technologies such as artificial intelligence, virtual reality, machine learning, augmented reality and the latest one being internet of things are in huge demand as they have applications in almost every field.
The firm has funded about 10 deep technology startups in the past in partnership with IIIT-H.
50K Ventures reportedly plans to invest $50,000 to $1,00,000 in each of the startups it finalises. The financial support programme will provide 18-months of mentoring and go-to-market access.
The financial support for this programme has been provided by domain experts, so that keeping a tab on the performance of the startup will become easy, as mentioned on a national news portal.