India backs chip startups, Gen-Z founders in new tech push

India is betting that its next start-up success stories will be built on chips, engineering and intellectual property, not just software, according to businesstoday.in. The push comes with Semicon India 2.0 and fresh incentives for electronics. The magazine reports that a new class of young, self-made entrepreneurs is closing in on billionaire status, changing what wealth creation in India looks like beyond Mumbai and beyond tech.

Meanwhile, Gen Z start-up founders are rewriting the country’s innovation playbook. Raised on AI, smartphones and global access, they compete globally and look beyond quick exits, businesstoday.in says. Venture capital is also shifting, as millennials gain influence and India’s investment playbook moves from global imitation to homegrown innovation in AI, deep tech and strategic technologies.

The report also notes that India’s first generation of consumer internet founders is building again in new sectors. Their second acts offer an early glimpse into the country’s next entrepreneurial wave. The space sector, once dominated by ISRO, is seeing a private-sector transformation, with four spacetech start-ups building rockets and propulsion systems to compete globally.