DEEP TECH OVERVIEW
Fouad Assaf
Managing Partner @Nucleus Ventures ? Private & Government sectors Advisor ? Operations optimization ? Fundraising ? Corporate innovation ? Venture building ? Digital Transformation ? Growth
Deep tech or deep technology is based on high-tech innovation in engineering or scientific advances and discoveries, aiming to solve many of our most complex problems. It creates differentiation and has a profound enabling power and the potential to catalyze change. The engineering innovations that deep tech companies possess are fundamental and can easily impact the technological sector, from computing innovations to electronic systems, algorithms, and more.
??????????????Deep tech startups start their business with the real innovative technology in order to break real-world barriers. Often, these startups base their business models on artificial intelligence AI, machine learning, Blockchain, computer imaging, clean energy, chemistry, aerospace, VR, and more. ?
Talents, such as scientists, engineers, and entrepreneurs are brought together to solve human problems speedily, efficiently, and at a relatively low cost by first targeting high-impact opportunities to find the best technologies. Second, they rely on efficient approaches starting with design, problem finding and framing, problem-solving, context analysis, and idea generation. Third, they count on their DBTL cycle; design, build, test, and learn to reduce risks and speed the development of their product. That being said, research testing and investment are at the core of their business.
??????????????Finally, although in its early stages, deep tech has an outsized impact. In fact, deep tech ventures and startups address the most urgent challenges and deliver financially viable outcomes. In both societal and financial terms, remarkable results are being generated. This emerging field can be simply understood through events that have occurred over the course of years, radically shifting our lives; the new platform technologies like the internet, mobile technologies, silicon chips, PCs, etc. And most recently, with the coronavirus pandemic, we can recognize the efficiency of deep tech ventures when it comes to advancing broad industries and solving or lessening urgent world problems such as global diseases.
领英推è
Predicting the future isn't magic, it's artificial intelligence.
More on Deep tech to come soon!