Huge scope for India to lead in diffusion of tech; SMEs will drive jobs: Wadhwani Foundation CEO
India can lead in technology diffusion reaching millions. Deep-tech startups and SMEs will drive job creation. Upskilling is replacing traditional degrees for many roles. The Wadhwani Foundation is investing in biosciences and innovation to accele...

Diffusion means building national-scale use cases of technology that reach end-users.
Speaking to PTI during an interview recently, Kela further said the coming years will see acceleration in deep-tech startups, while SMEs will be the biggest job creators.
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"The benefits of AI will all come in the application layer which touches the end population. And some of the foundation models are already open source. A lot of them will become even small models and India is building some of those which other countries may not do.
On jobs and concerns of loss of employment due to AI, Kela pointed at SMEs and deep-tech startups and said they will be major drivers of employment in the coming years.
Drug discovery, molecular discovery will accelerate deep-tech startups in the coming days and these will be game-changing, he said.
Recently, Wadhwani Foundation announced a strategic roadmap to create 2.5 million jobs in India and enable 6 million placements via training by 2030.
Kela said in the past few years, one major shift has been how the focus has shifted from four-year degree programmes to upskilling.
Digital marketing, data visualisation, home healthcare worker, dental hygienist, the entire BPO industry are some such examples, he said.
The Wadhwani Foundation CEO hailed the AI Impact Summit held in New Delhi last month and said it drew attention from around the world.
"For any government organisation, to hold a 5-day event with endless panels is a very hard task, especially on the first day when there were 300,000-400,000 people coming in," he said.
However, he added that the key objective should be to reach the end user.
"Where India needs to spend their primary energy -- and it even tried to do that at the AI summit -- is diffusion of all these technologies," Kela said.
The Wadhwani Foundation has joined hands with IIT Bombay to set up a Wadhwani Hub for Biosciences, Bioengineering, Health and Medicine and the Wadhwani Innovation and Translation Centre (WITC) to promote research and innovation.
The centre, which will be inaugurated later this year, will come up at a cost of Rs 300 crore, of which the foundation's contribution is Rs 100 crore.
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