Deep tech

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Deep tech, or deep technology startup companies are based on substantial scientific advances and high tech engineering innovation.[1] They often require longer term, large investments, substantial research, and can take longer for possible commercial success.[2] Because of this, they tend to be much harder for competitors to replicate.[3]

As of 2019, some of the main areas for deep tech startups include artificial intelligence, agriculture, life sciences, chemistry, aerospace, industry, and green energy.[4]

Deep tech is sometimes contrasted with the "shallow tech" of a business model innovation or transferring from a non-digital business model to a digital one, which tend to be easier for competitors to replicate.[4][3] Examples include basic mobile apps, websites, and e-commerce services.[3]

Etymology[edit]

The term deep tech was coined in 2014 by Swati Chaturvedi, founder of Propel(x), the first deep tech angel investing platform.[4]

History[edit]

Deep tech startups and funding have grown rapidly in the 2010s, particularly in Europe, where funding in 2017 reached around 3 billion across 600 deals.[5][4]

See also[edit]

References[edit]

  1. ^ mtc. "What is Deep Tech?". TechWorks. Retrieved 2019-01-12.
  2. ^ BBVA (2017-11-28). "What is 'deep tech'?". NEWS BBVA. Retrieved 2019-01-12.
  3. ^ a b c "IQ Capital is raising £125M to invest in deep tech startups in the UK". TechCrunch. Retrieved 2019-01-12.
  4. ^ a b c d "What is Deep Tech and which startups are marking the road (not Uber)". Startup Business (in Italian). 2018-04-20. Retrieved 2019-01-12.
  5. ^ "Europe has a chance to dominate deep tech". Financial Times. Retrieved 2019-01-12.