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What Is Deep Tech Anyway? A Guide to Deep Tech Startups in CEE

Cheryl is also head of Marketing Communications for HighTechXL, deep-tech venture builder based in Eindhoven, Netherlands. Cheryl moved from the U.S. to the Netherlands in 2016 and immediately embedded in the Eindhoven tech ecosystem, meeting many inspiring “deep-tech” women. Cheryl was active in the 100 Wise Women and Women 4 Women communities in her hometown of Louisville, Kentucky and is excited to join the planning team for Inspiring 50 Deep-Tech Edition Benelux+. Think of female founders of deep-tech startups and scale-ups, women involved in deep-tech research at universities or policymakers in government agencies or non-profits. Harnesses cellular and biomolecular processes to develop technologies and products to improve our lives and the health of the planet.

  • Built by top AI researchers, Boltzbit creates the first Foundation AI platform that allows its users to build multi-tasking continuous-learning AI from data without a single line of code.
  • All of the companies previously mentioned and their innovative ideas are a testament to the potential of deep tech.
  • Current world’s population almost reaching 8 billion, the question of food insecurity becomes more acute these days.
  • Yifei Huang is an MBA2023 at LBS, and an aspiring venture capitalist in deep tech.
  • Sometimes, what works well at a small scale does not work well in a commercial product or in mass production.

Deep technology is the latest addition to the startup universe and to the world of innovative problem-solving. The term “Deep Tech” was coined by Swati Chaturvedi, the founder of the digital investment platform PropelX. It refers to startup companies based on substantive scientific or technological innovation. According to Boston Consulting Group, the total investments in deep tech companies increased from $1.7 billion to $7.9 billion from 2011 through 2016. China acts as the main driver in deep tech investments with funding increasing 80% each year over that period compared to 10% each year in the US.

Lightweight, silent and environmentally-friendly, the plane seeks to eliminate congestion and pollution from cities, and offer inter-city travel that is faster than public transportation. Pricing strategies are vital in driving your business’ success, especially for first-time tech founders working on a disruptive Deep Tech product. AI has long been one of the greatest influences on the evolution of technology and there is a solution that will make AI feasible at scale. TextCortex combines advanced NLG algorithms with proven marketing practices to create the best AI software for copywriting. Bitfount enables modellers to gather insights and train models from other people’s data. Because of the federated nature of the platform, Bitfount enables data providers to share the benefits of their data without ever having to give up control or privacy.

According to the Financial Times, in 2017 the total funding towards deep tech companies reached around €3 billion across 600 deals. Bitmovin provides transcoding and media streaming solutions for developers and businesses. The company has developed the market’s fastest API driven cloud-based video encoding service and an HTML5 Player that allows adaptive content to be played on any device, in any browser without buffering. Their API based products help developers around the world solve video problems with cloud-native software that runs anywhere.

Here’s Why You Should Always Accept a Drink from a Venture Capitalist Before Pitching

IndyKite is building a new paradigm of digital identity solutions based on a model that solves for all kinds of identities and the many ways they interact with and inform each other. Connected data, in what is known as IndyKite’s Identity Knowledge Graph, provides the power to ask unprecedented https://globalcloudteam.com/ questions for context-aware, real-time recommendations, hyper-personalization and fine-grained authorization decisions. Planqc’s quantum computers are built on the precision of the world’s best atomic clocks, the world’s best quantum gas microscopes, and high-speed Rydberg gates.

what is DeepTech

When technologists and scientists work together on a corporate goal, the result is deep tech. With Wolves Summit Vienna about to kick off, we’re excited to announce a final call to register to our FREE OF CHARGE workshops for all attendees prepared by world-class experts to help you grow and scale your business. All you need to do to join is register your interest today and show up in the Board Room at the starting time.

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Sophia helps corporates up skill their teams for digital transformation and teaches non-technical innovators how to bring their ideas to life. Taught at London Business School, Oxford University, the University of Chicago and leading corporates & accelerators. Our philosophy is to research, curate, and provide the best startup feeds and resources to help you succeed in your venture. We are currently ranked as the 13th best startup website in the world and are paving our way to the top.

what is DeepTech

Many experts point to this being evidenced by the investment marketing statistics. However, that may soon change, as Singularity University recently announced a program designed to boost deep tech investment in the Asia-Pacific. Current world’s population almost reaching 8 billion, the question of food insecurity becomes more acute these days. However, deep tech solutions have all the potential to significantly enhance farming practices by introducing more sustainable methods of food production. Thus, they leverage technologies such as AI and machine learning to enhance the development of different industries like chemistry, agriculture, and others.

Mobility start-ups attract the most climate tech funding in CEE with 54.4% of the total in the last year. Start-ups in Estonia and Lithuania raised 83% of total climate tech investment in the region. Despite being the largest economy, Poland has raised only 4.65% of total climate tech funding in CEE between 2013 and the first half of 2021.

What is Deep Tech and Why is it Important?

For example, a telephone-based delivery service now offered in digital fashion through a phone app, or a bookshop now offering e-books for digital download, would both be examples of shallow tech. Different valuation criteria – For many investors, evaluating a startup involves looking at its team, product/market fit, revenue forecasts, cashflow burn or run rate, customer pipeline, and other commercial metrics or projections. For example, due to heavy or inconsistent R&D spend, a deep tech startup can be loss making for many years without a single commercial revenue source, yet this does not mean that it is unsuccessful. More relevant criteria for a deep tech startup include IP (e.g. patents), R&D milestones (e.g. proof of concept demonstrations), partnerships with industry leaders, and research grant funding received. Deep Render´s vision is to combine the fields of Artificial Intelligence, Statistics and Information theory to unlock the fundamental limits of image and video compression. Their Biological compression approximates the neurological processes of the human eye through a non-linear, context-aware, learning-based approach, thereby creating a novel class of highly efficient compression algorithms.

This deep technology ends the need for intermediaries that act as a central, trusted authority but fail to do be transparent. Since the chain is transparent and can’t be altered, it initially disrupted how the financial sector worked before and moved on to disrupting other sectors like healthcare, entertainment, etc. Swati Chaturvedi, co-founder and CEO of the investment firm Propel coined the term in 2014. Dissatisfied with some of the financial commitments she had made, she decided to focus instead on other projects she called deep tech, which were also more socially relevant in principle. According to her definition, deep tech refers to “companies founded on a scientific discovery or meaningful engineering innovation” and which also seek to make the world a better place.

Lack of industry standard – Since deep tech requires true cutting-edge innovation, the technology itself may not be developed or standardised. For example, there are a number of quantum technologies aiming to become the de facto hardware and software standard, but currently the landscape is fragmented. Our executives believe that “in the near term, useful quantum computers will massively disrupt supply chains, even entire value chains.

Startups – Use the World as your Workforce

Our goal is to provide investors from all corners of the world with eyes on the deeptech market in Quebec. We believe that our role is to connect these global investors to the best possible opportunities here, and that this approach will be a key catalyst for growth of the businesses that we support. Deeptech companies can be characterized as having both high product-market fit risk and high technology risk. The rationalization behind this surge in popularity regarding deep tech, is that deep tech applications are what will solve real-world issues.

This deep tech wave has heavily contributed to innovations in the Healthcare, and Mobile & Telecommunications industries. At Boreal Ventures, we truly believe there is a gap in funding at the pre-seed and seed stages in deeptech, and we feel that we are the right partner with the right approach to help close it in Quebec. With the advent of automated cell counters years ago, disposable slides became widespread. Sophia Matveeva is the CEO & founder of Tech For Non-Techies, an education company and consultancy.

Top investors

Right now, however, the debate focuses mostly on Ethereum, its upcoming merge and relatively new layer 2 solutions – which we’ll concentrate on in this article. Serial FinTech entrepreneur building next generation platforms to optimise for impact and financial returns. Founder and CEO of Proof of Impact with previous positions at Osmosis Investment Management and J.P Morgan. Blockchain enthusiast and excited about decentralization and disruptive technologies.

How Bristol Became A ‘Deep Tech’ Powerhouse WIRED UK – Wired.co.uk

How Bristol Became A ‘Deep Tech’ Powerhouse WIRED UK.

Posted: Fri, 04 Nov 2022 16:55:00 GMT [source]

Technology is becoming a more sophisticated and integral part of society, and I constantly feel that it is a full-time job just to keep track of the latest and greatest advancements! Blockchain, autonomous vehicles, advanced batteries, AI…there’s always a new megatrend that generates hype and excitement. Top co-investors & follow-on partners ensure you have access to the capital you need. Indoo.rs helps end-users locate themselves and others inside buildings, such as airports or shopping malls, using indoo.rs’ navigation solutions. The next wave of big data will be generated by IoT devices such as sensors, wearables, and vehicles, generating millions of data points per second.

Ribes Tech

Deep tech innovations are often radical and may create new markets or disrupt existing ones. Deep tech companies often address big societal and environmental challenges and have potential to impact everyday life. Silicon chips are an example of innovation that enabled calculation at previously unimaginable speed and scale. Deep tech is considered a new technology with many outstanding advantages compared to current technology. They require in-depth research to develop into practical and commercialized applications.

Commonplace appliances and devices are fitted with high-power processors that can swiftly process data while conserving the electrical current fed to them. According to BCG, deep tech startups attract greater funding than other types of tech companies in the past five years. Biotechnology involves developing valuable products by exploiting existing biological processes or by developing new ones. Genetic manipulation of microorganisms for the production of antibiotics and vaccines, genetically modified seeds that are more resistant to climate change and pests, etc. are some examples of how biotechnology is disrupting the current system. Deep tech’s “profound enabling power” has the potential to bring about real change.

Here, we want to give you some quick example of CEE deep tech, but it’s by no means an exhaustive list. If you’re after a complete list of the most exciting deep tech startups in the CEE region, the solution is easy – come to Wolves Summit and meet them for yourself. Deep tech startups often need large investments over a longer term, and good amounts of research. Commercial Tech Trends success can also take longer since we’re talking about disruptive technologies that might take longer to achieve real market adoption. Maybe you’re well across deep tech, but you want to know what CEE startups are offering in this area. To learn more about both – what deep tech is, and what deep tech startups in CEE are out and looking for investment , read on.

Deeptech companies build research and development-based products, usually with the goal of solving large and fundamental problems. In a study by BCG and Hello Tomorrow, 97% of deeptech companies surveyed were tackling at least one of the United Nation’s Sustainable Development Goals. The job of a venture capitalist is not to figure out which company has the best tech. It’s to figure out which company has the best business that can ultimately be the biggest impact,” said Colin Beirne, co-founder of Two Sigma Ventures, a deep tech investor.

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