New-Age Start-Ups Are Striking Out In A Different Direction In Hardware Design

Nandini Mukherjee, Managing EditorIn the recent times, the surge in the numbers of IoT & hardware startups in India has shown unconventional yet remarkable solutions to the Indian start-up ecosystem. The Indian IoT space is said to be worth $6trillion by the year 2020. According to a NASSCOM report, the Indian IoT market will account for five percent of the global IoT market. Bangalore has emerged as the favourite destination of hardware startups in India. With a total funding of around $37 million, the sector is bound to grow! With new opportunities looming in IoT, cloud-based technologies, drones, the new
hardware start-ups are building real physical hardware devices that people can buy and use.

To provide these start-ups necessary backup, mentorship and funding, many hardware-centric accelerators and incubators in the country are coming in the forefront. As per industry reports, accelerators such as Intel India Maker Lab and Bosch are play a nurturing role for hardware start-ups by offering mentoring, funding, infrastructural incubator services, and so on. Then there are new ventures that are bringing in fresh perspectives and new innovations in their work. Rather than chasing the high-scale, high-cost consumer market, these ventures are striking out in a different direction by knotting software skills with emerging capabilities in hardware design and supplying to enterprises and industries.

In our current edition, we have featured a list of "10 Most Promising Hardware Systems and Devices startups." With remarkable improvements taking place in the hardware start-up ecosystem together with increased participation of the government, large industrial magnates, and incubators all together, these start-ups are standing strong and most importantly, encouraging innovation.

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