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Who’s Who of Deep Tech Start Ups

27 January

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Swati Chaturvedi, the co-founder and CEO of investment firm Propel(x) coined the term ‘Deep Tech’ in 2014. She defines Deep Tech as companies founded on a scientific discovery or meaningful engineering innovation – likely to be start-ups in the life sciences, energy, clean technology, computer sciences, materials and chemicals sectors – that are trying to solve big issues that really affect the world around them.

Deep tech companies promise solutions in a wide range of fields, using techniques such as big data, artificial intelligence or deep learning – with scientific approach. In addition to chasing an objective of changing the world, deep tech companies are an attractive investment opportunity. “Deep Tech investments still carry risk and sometimes face longer roads to liquidity, but their low valuations can provide for significant returns,” 

 

Propel(x) explains. For example, BCG and Hello Tomorrow collected data from 2,000 Deep Tech start-ups and found that aggregate global private investment in seven deep tech fields including; advanced materials, artificial intelligence (AI), biotechnology, blockchain, drones and robotics, photonics and electronics, and quantum computing – soared by more than 20% a year from 2015 to 2018 reaching $18bn. 

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