Hard tech refers to a category of technology that involves substantial engineering challenges and the creation of physical products, as opposed to software or digital services.
Venture capitalists are increasingly drawn to hard tech due to its potential for high returns and its ability to solve pressing global challenges.
Specialized incubators and accelerators are emerging to support the unique needs of hard tech startups, providing funding and access to expertise and facilities.
Despite the risks involved, venture capitalists are partnering with industry experts and using data-driven approaches to evaluate potential investments in hard tech.