Innovators often have blue-sky ideas that will mean they can help people and change the world. However, reality can make this seem like a distant dream when it comes to resistance for new ideas.
Deep Tech is disruptive by its nature. It is constantly creating new markets and opportunities. Despite more focus and attention being shone on Deep Tech, there is still work to be done to help understand the real impact these types of innovations can have.
Tech Investment
When it comes to investors, a significant number of people have financial, banking or software backgrounds. While the idea of having a “tech” background might look appealing when it comes to Deep Tech investment, there is still a disconnect between software and the potential that innovation can have,xa which can lead to more external help required.
Another issue is that some investors are unwilling to take risks on a new market potential before it exists. This can cut innovation short before it even begins.
Recognising Change
The Deep Tech industry has already shown how much can change when innovation is supported. Technologies such as augmented reality, which helps train people faster, have opened a new sector for immersive training programmes, Machine Learning is applied to medical diagnosis, where the algorithms have the ability to detect malignant cells quicker than people, which has transformed the medical diagnosis industry.
These examples demonstrate how Deep Tech innovation can lead to overcoming a real-life challenge of resourcing and help change things for the better. That is not to say that every innovation idea will and should be commercially successful. It is difficult to see how things can develop from an idea, but giving the time and resources to Deep Tech innovation can lead to huge leaps forward that solve more than the original idea intended.
Stepping forward
Deep Tech start-ups have a unique landscape which involves significantly longer incubation periods than other tech industries. They require specific skill sets, and with the long incubation periods comes scientific acknowledgements over capital commodities. More investments have been seen recently, with global government funding being a key source for Deep Tech start-ups. Business leaders and more tech businesses are interested in investing in Deep Tech as the realisation of significant benefits will be recouped from developments being made in the industry.
Finding additional applications for the tech being created is proving to be so valuable at times when resourcing is hard. Applications like AI can be real assistants in these issues and more, as long as Deep Tech is given the resources to develop and grow.
Innovators often have blue-sky ideas that will mean they can help people and change the world. However, reality can make this seem like a distant dream when it comes to resistance to new ideas.
Deep Tech is disruptive by its nature. It is constantly creating new markets and opportunities. Despite more focus and attention being shone on Deep Tech, there is still work to be done to help understand the real impact these types of innovations can have.
If you are looking for talent within Deep Tech get in touch today.
