What is deep tech?
Deep technology or deep tech is a classification of an institution, an organisation or a start-up company, with the expressed objective of providing advanced and emerging technology solutions to deep societal challenges. They present scientific or engineering challenges requiring lengthy research and development, and large capital investment before successful commercialization. Their primary risk is technical risk, while market risk is often significantly lower due to the clear potential value of solution to society. The underlying scientific or engineering problems being solved by deep tech companies generate valuable intellectual property and are hard to reproduce. Moreover, the solutions provided by deep technology and applications are critical for solving the complex global challenges that humanity faces, including climate change, sustainable energy or health.
The indicate list of deep tech fields, in which we are mobilising the one million talents within include:
• advanced materials and manufacturing;
• aerospace, including drones;
• artificial intelligence and machine learning;
• Web 3.0;
• quantum computing;
• semiconductors (microchips);
• sustainable green energy and clean technologies.
These deep tech sectors, sub-sectors, applications and definitions may change as technologies and markets change over time. What unites them is that they hold the key to the solution of complex societal challenges through innovation.