TLDR:
- Deeptech startups are emerging as a new wave of innovation, addressing complex global problems with advanced science and technology.
- In Europe, funding for deep tech companies remained steady in 2023, with Spain ranking eighth in receiving venture capital funds.
In a world full of challenges, deeptech startups are utilizing advanced science and technology to address complex global problems such as poverty, resource scarcity, health, climate change, privacy, and cybersecurity. In Europe, funding for deep tech companies remained steady in 2023, while Spain ranked eighth in receiving venture capital funds. One example is Big Sur Ventures, a venture capital manager that has invested in deeptech startups like Paack and Truckster. For example, Big Sur Ventures invested in Frenetic, a company specializing in magnetic and electronic components, helping them reduce the time to market by more than 90%. The latest investment round of 11.2 million euros allowed Frenetic to expand into the US market and reduce manufacturing time to just one week, with clients including Apple, aviation companies, Porsche, and NASA.
Overall, deeptech innovation is crucial for solving global challenges in energy, healthcare, mobility, and decarbonization, emphasizing the importance of investing in advanced science and technology to drive impactful change.
