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HardTech Reads vol. 8-European Edition
- Deep Tech sector is growing rapidly and addressing some of the world’s most pressing challenges.
- Europe is progressing in the Deep Tech market, establishing itself in fields such as green technology, advanced robotics, and space exploration.
- Deep Tech is one of the biggest VC investment categories in Europe, and in 2023 alone, venture capital investments in European deep tech startups exceeded $16 billion.
- Europe faces several challenges in scaling and commercializing its innovations, particularly the United States.
- Deep Tech start-ups face similar failure and success rates as regular tech start-ups, the time to reach unicorn status, or exit is comparable to traditional tech start-ups.
- European Deep Tech start-ups are more likely to scale to unicorn status than regular tech ventures.
- European investors face challenges in scaling and exiting Deep Tech ventures.
- The US leads in Deep Tech with around 50–60% of global funding.
- Europe has strong foundational capabilities, including R&D expenses, science publications, and the number of developers.
- The European Deep Tech sector is at an inflection point, with significant potential to grow and generate outsized returns.
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