GovTech Forum’s Post

Yes…The report suggests some key areas for improvement: • Embracing risk culture. • Promoting talent clusters to attract expertise. • Enhancing the terms for spinouts. • Expanding the LP base and governmental role in innovation. • Reviewing innovation policies with a focus on diversity. ...but how about taking action? TRL+

As I delved into the 2023 Deeptech Report, a few critical insights stood out, highlighting the immense potential and the challenges faced by the European Deeptech sector. 1. Strength in Research, Gap in Entrepreneurship: Europe's universities are bastions of research excellence. However, the translation of this research into entrepreneurial ventures remains limited 2. Funding Challenges: European-based Deep Tech companies have historically struggled to secure growth funding, a trend that is gradually changing but still presents a significant hurdle 3. Equity Burden: Comparatively, Europe faces a higher equity burden than its counterparts, affecting the way startups scale and operate 4. Regulatory Hurdles: The extensive regulatory framework in the EU is often seen as a barrier, potentially stifling innovation by imposing complex requirements. 5. Diversity and Inclusion: A mere 10% of VC funding in European Deep Tech went to startups with at least one female founder. This calls for a significant push towards greater inclusivity and diversity 🌍 The report suggests some key areas for improvement: • Embracing risk culture. • Promoting talent clusters to attract expertise. • Enhancing the terms for spinouts. • Expanding the LP base and governmental role in innovation. • Reviewing innovation policies with a focus on diversity 🔍 The journey ahead for European Deeptech is fascinating. We're on the cusp of significant breakthroughs, yet there are hurdles to overcome. Let's engage in this journey together - innovating, funding, and nurturing a more inclusive ecosystem. TRL+ 🙌🏻 💚 🚀 #OwnTheInnovation #TrustResearchersLoyalty #WhyNot #Unstoppables #OnlyWithTheBest #LestKeepTransferring #DeepTech #Innovation #Europe #Entrepreneurship #DiversityInTech

The Legatum Center for Development and Entrepreneurship at MIT is pleased to share its latest white paper: "Pan-African DeepTech: Key to Sustainable Prosperity," written by our Director of Fellowships and Global Initiatives, Haitham Khoury, Ph.D. This paper resulted from a DeepTech roundtable organized by Open Startup BRAIN in collaboration with the Legatum Center hosted in October 2023. Insights from that roundtable were used to curate the white paper as a comprehensive resource for the DeepTech community in Africa. This paper reflects insights from over 40 experts spanning Africa, the US, and Europe. It dives into the current state of DeepTech on the continent, exploring challenges and opportunities identified through engaging discussions. The paper aims to spark transformative change by providing actionable recommendations for entrepreneurs, researchers, and policymakers. It presents innovative strategies to overcome barriers to DeepTech development, emphasizing the crucial role of cross-sector collaboration in unlocking Africa's potential for technological advancement and prosperity. Read the full paper below and join us on this journey toward sustainable prosperity through DeepTech innovation! https://lnkd.in/gHv8_jK4 #deeptech #globalinnovations #panafrican Fiona Murray Dr.Phil Budden Dina H. Sherif Houda Ghozzi

Deep tech stands out as one of the most resilient sectors in the European innovation ecosystem(s) at the moment. That was already one of the main findings in Atomico's annual and just-released 'State of European Tech' report, but the organisations behind the third annual report specific to European Deep Tech - Dealroom.co, Lakestar and Walden Catalyst Ventures - have put some fresh numbers on it. European deep tech as a category saw approximately $15 billion raised in 2023 to date (nearly on the same level as a year before), in stark contrast to e.g. the -70% decline observed in the European fintech sector. According to the report, European deep tech investment will close at -7% in 2023 vs. 2022 (compared to -46% for 'regular' tech). (For more insights, follow the link in comments or check out the full report, also linked below) Kudos for the great work Yoram Wijngaarde, Lorenzo Chiavarini, Steven Jacobs, Christina Franzeskides, Lukas Leitner and Nicolas Autret Yours truly, Hello Tomorrow, IESE Business School, European Innovation Council and SMEs Executive Agency (EISMEA), Tech Tour, Bpifrance / EuroQuity - Bpifrance, EurA AG and Webrazzi / Tech.eu

Do you want to understand how DeepTech can drive sustainable prosperity in Africa? Read this white paper from the Legatum Center for Development and Entrepreneurship at MIT!

🇪🇺 Deepki is thrilled to be featured on the Tech Tour Growth50 list for 2024, celebrating Europe's top-tier growth companies. Key highlights: - The UK, Germany, and France are at the forefront, while Switzerland and Finland are exceeding expectations. - Diverse sectors flourishing: investments pouring into all tech tracks – digital, health, and sustainability - especially deep tech. Whether it's AI, green energy, or quantum computing, European tech companies are leading the way. At Deepki, innovation is key to driving sustainability within the real estate sector, which is responsible for over a third of global GHG emissions. Read more in the full press release:  👉https://lnkd.in/dVpyrAX5 #ESG #ImpactForward

Cicada Innovations Sally-Ann Williams FTSE: Australia’s deep tech talent needs more support to change the world Australia’s deep tech sector holds significant promise, but to realise its full potential, there must be increased support, collaboration, and a focus on long-term strategic goals. By breaking down barriers and fostering a systems-based approach, Australia can drive impactful innovations and build industries of the future. https://bit.ly/4dEEfz2

🌟 Join DeepTech Alliance at Hello Tomorrow’s Global Summit! 🌍 Come visit us at our stand to meet our members, industry partners, and startups and learn about our ambitious 2024-25 initiatives which are bridging markets for science-based innovation to drive impact across critical sectors: 🌱 Clean Energy: Pioneering the energy transition for a sustainable future. 🏭 Advanced Manufacturing: Driving the future of manufacturing with cutting-edge technologies. 💡 Public Utilities: Innovating in utilities and materials for an effective public infrastructure. 🩺 Healthcare: Transforming healthcare through breakthrough scientific innovations. Dive into Hello Tomorrow’s unparalleled agenda of forward-thinking experts that covers: 🍽️ Sustainable Food Systems 🌳 Climate Resilience, Energy Transition, and Biodiversity 🔬 Industrial Biotech & the Future of Healthcare 🏗️ Sustainable Construction and Infrastructure And much more… Collaborate and Innovate: 🤝 Join us alongside 80+ deep tech startups, industrial leaders, research centers, and ecosystem builders. It's a unique opportunity to explore new products, services, and meaningful collaborations shaping the future. Let’s Meet: 💬 We’re excited to meet you and explore how we can address our global challenges and create a better tomorrow together. At the Summit you can also meet our members who are powering DeepTech Alliance to bridge markets for cross-border innovation and impact: members: UnternehmerTUM, PoliHub - Innovation Park & Startup Accelerator, THINGS AB, Kongsberg Innovasjon, The Collider /Mobile World Capital Barcelona, Ljubljanski univerzitetni inkubator (LUI), HighTechXL, imec and DTU Science Park Startups.  Check what we are up to here: https://lnkd.in/dYcXPjAF #HelloTomorrow #DeepTechAlliance #Innovation #CleanEnergy #AdvancedManufacturing #Healthcare #NewMaterials #PublicUtilities #SustainableFuture

The West Midlands is home to the fastest growing cluster of technology companies in the UK and we're also a driving force behind the Government's ambition to become a Science & Technology Superpower by 2030. However, it's not just technologies that are converging to create unprecedented levels of innovation in the West Midlands. Serviced by a rich pool of local talent, a unique "quad helix" of closely forged networks connects the region's academic institutions, industry tech clusters and local/national authorities. That's why tech companies coming to the West Midlands find it an attractive global investment hotspot. Melissa Snover, Founder & CEO at Get Nourish3d, has commented on her experience of the region's ecosystem below. The Global Growth Programme 2024 is now open to help international tech companies invest, establish and scale rapidly in the West Midlands. We're looking to work with ambitious CleanTech, Creative & Digital Tech, Future Mobility and HealthTech companies who are looking to accelerate their businesses. For more on the Global Growth Programme:https://bit.ly/435woq7 #InvestWM #WestMidlands #GlobalGrowthProgramme #ScaleUpInTheWestMidlands

South West tech leaders gather in Bristol to discuss sector's future ⚙️🤝 Scores of participants were at this year's Tech Leaders’ Summit in Bristol in the wake of the General Election to outline a roadmap for the sector in the south west region. Held in Clifton, the summit on July 9, was organised by regional cluster Tech South West and built on work on the Look South West prospectus - the first such document for the South West of England tech sector. According to the prospectus, net zero technology including marine, agritech, biotech, clean energy and environmental science in the region generates £24.1bn turnover, while South West startups are 17% more likely to be operating after five years than those based in London. The event featured discussion groups and workshops and delegates formed action plans, focusing on things like investment, net zero, and a response to the new Government, ahead of a live vote to understand priorities. Continue reading... https://lnkd.in/eW5gxBxA #technology #innovation #leadership #future #forecast #businessnews #businessintelligence