Indian AI startups are encountering significant hurdles in obtaining US visas, which is hindering their ability to access the primary market, attract venture capital, and secure deals. The stricter visa regulations imposed by the Trump administration have led to lengthy delays and increased rejection rates, causing uncertainty for startup founders.
Appointment wait times for B1/B2 visas in India range from 3.5 to 9 months, making it difficult for startup executives to meet clients and investors in the US. The O-1 visa denial rate has also risen to 5.8% in FY24 from 4.5% in FY23, adding to the challenges faced by startup founders.
For Indian AI startups, being physically present in the US is crucial for closing deals and accessing talent networks. Founders stress the importance of in-person relationships in securing funding and partnerships. LatentForce, Qodex, and Sentient Labs are just a few examples of Indian AI startups struggling with visa challenges.
The US remains a critical market for Indian AI startups, with the country leading global venture capital investments in AI. To overcome these challenges, experts recommend proactive preparation, meticulous documentation, and building strong relationships with US-based partners. Advocating for policies that promote innovation and facilitate the free flow of talent between India and the US is also essential.
By exploring alternative visa options and working closely with policymakers, Indian AI startups can mitigate the impact of visa challenges and continue to thrive in the US market. Ultimately, finding a solution to these visa issues will be crucial for the growth and success of Indian AI startups in the global tech landscape.
