Deep Tech
Presented To:
Dr. Walid M. Eid
Presented By:
Esraa seif El-Dein Ibraheem R.N :22128080
Mohammed Ahmed Abd-Elaleem R.N :22128462
Deep Tech
What Is Deep Tech?
Deep tech or deep technology refers to a class of startup businesses that
develop new offerings based on tangible engineering innovation or
scientific discoveries and advances.
Usually, such startups operate on, but are not limited to, agriculture, life
sciences, chemistry, aerospace and green energy.
Deep tech startups have the following characteristics
Impact: The deep tech innovations are very radical and disrupt an
existing market or develop a new one. The innovations based on deep
tech often change lives, economies, and societies.
Time & Scale: The time required for deep technology to develop the
technology and reach the market-ready maturity is way more than
shallow technology development (like mobile apps and websites). It took
decades for artificial intelligence to develop and it is still not perfect.
Capital: Deep tech often requires a lot of early-stage funding for
research and development, prototyping, validating hypothesis, and
technology development.
How Is Deep Tech Different From Other Technology?
The deep tech arena operates differently than more conventional
technology sectors.
Most tech companies work with existing software frameworks in ways
that are easy to commercialize.
But deep tech companies often have to build, test and use highly
sophisticated technology often in the form of complex and costly
hardware like rockets, robots and supercomputers.
This requires much larger upfront investments and a longer time
horizon than traditional startup investment.
Deep tech companies also require extremely skilled people with very
specific areas of expertise and these potential employees are often in
short supply.
when a deep tech company does go to market, it is pretty well
insulated from any real competition, Tess Hatch, a partner at venture
capital firm Bessemer Venture Partners, told Built In. “While there’s
more capital that’s required and a longer feedback cycle, you really
make that up in a deep and wide competitive moat — in patents, in
technology and in your team.”
More traditional companies working in areas like SaaS and consumer
tech don’t have this competitive advantage, because their
technological advancements are much more easily replicated. For
example, Netflix disrupted the entertainment industry, but it now
competes with Hulu, Amazon Prime and pretty much every television
network. And Facebook (now Meta) basically invented modern-day
social media, giving way to sites like Instagram, Twitter (now X) and
TikTok.
Deep Tech Examples
1. Artificial Intelligence
AI refers to the simulation of human-like intelligence in machines that
are programmed to think like humans and perform tasks that used to
be the exclusive purview of humans.
The launch of voice assistants, medical imagery analysis, big data
analytics, etc. are a sure-shot sign that machines can be developed to
do any task that a human can do
2. Biotechnology
Biotechnology involves developing valuable products by exploiting
existing biological processes or by developing new ones.
Genetic manipulation of microorganisms for the production of antibiotics
and vaccines, genetically modified seeds that are more resistant to
climate change and pests, etc. are some examples of how biotechnology
is disrupting the current system.
3. Blockchain
Blockchain is a growing list of records called blocks that stores a history
of transactions in a secure and transparent way. The users of the
blockchain can track the history and add to the blockchain but can’t
modify the existing blocks.
It is, in fact, an open distributed ledger that can record transactions
between two parties efficiently and in a verifiable and permanent way.
This deep technology ends the need for intermediaries that act as a
central, trusted authority but fail to do be transparent. Since the chain is
transparent and can’t be altered, it initially disrupted how the financial
sector worked before and moved on to disrupting other sectors like
healthcare, entertainment, etc.
4. Robotics & Drones
Robotics is the intersection of science, engineering and technology
producing machines called robots to perform tasks in an automated
fashion. Usually, deep tech is used to develop robots to get the work
done in industries where the working environment is dangerous or
hazardous for humans.
The new technology makes use of human senses in robots to develop
more self-sufficient artificially intelligent robots that permit mobility and
decision making in a unistructural environment to help humans complete
tasks in even a better way.
Drones are a subclass of robots that can fly and are usually more mobile.
These robots are often used to transport goods, map territory, or for
surveillance purpose.
5. Photonics & Electronics
Photonics is a discipline of science focused on generating and harnessing
the properties of photons (particles of light). It involves the use of lasers,
optics, fiber-optics, and electro-optical devices in numerous fields of
technology like alternate energy, manufacturing, telecommunication,
security, etc.
Electronics, on the other hand, harness the power of electrons. Electrons
are harnessed to produce energy in the form of electricity.
Often photons and electrons are used in combination to develop new
deep tech.
6. Quantum Computing
Quantum computing refers to leverage the unique properties of matter
at nanoscale to solve computational problems, such as integer
factorization substantially faster than classical computers.
Several quantum computing models exist today, like :
Quantum Circuit Model,
Quantum Turing Machine,
Adiabatic Quantum Computer,
One-Way Quantum Computer, And
Various Quantum Cellular Automata.
Among these, the quantum circuit is the most widely used model.
Deep Tech Company Examples
There are tens of thousands of startups working on deep technology to bring in
the solutions humans only dreamt of. Here are some deep-tech examples to
highlight some pioneers:
Biogenera SpA
Biogenera SpA is a company operating in the biotechnology powered
pharmaceutical sector, specializing in research and development of new
DNA-based medicines for the treatment of serious pathologies such as
tumors.
Ribes Tech
The company invented an ultra-thin and flexible photovoltaic panel that
turns sunlight into energy with ease and greater efficiency. The
properties of being ultra-thin and flexible increases the use cases of the
photovoltaic panel that can be used on anything from roads, cars,
building walls, or handheld devices
Lexplore
Lexplore uses AI for rapid reading assessment. The technology is
powered by AI and eye tracking which, in just 3 minutes, give a clear
view of a student’s reading level and even provides recommendations
for instructions.
Future of Deep Tech
Deep tech is the future itself. It’s spreading its wings faster than a forest
fire.
Today, deep tech has a profound impact on almost all the important
segments of the economy like the automotive industry, robotics, smart
homes, smart cities, healthcare, fintech, agritech, edtech, energy
efficiency.
Almost every facet of the modern society looks ripe for disruption by
deep tech.
According to BCG, deep tech startups attract greater funding than other types
of tech companies in the past five years.