During the National Startup Day, the minister of state for electronics and information technology Rajeev Chandrasekhar indicated that the upcoming wave of startups from India is anticipated to center around intellectual property-based devices and products. These startups will work on deep-tech technologies such as artificial intelligence, electronics, semiconductors, Web 3.0, and quantum computing, among other things where the core value will be intellectual property instead of a focus just on market and scale.