FROM TECH TO DEEP TECH

Our first report with BCG gathers experience from 400 deep-tech startups and 30 leading VCs, corporates, and other key actors to help you understand the latest trends and dynamics behind deep-tech innovation, and how startups and corporates can build business partnerships.

  • Startups today bet on long-term and high-risk deep-tech innovation - such as storage of information in DNA, or antimatter propulsion - that used to be the prerogative of public research. They bring innovation based on artificial intelligence, robots, new materials, and biotechnologies in all sectors.
  • Main challenges faced by deep-tech startups are lengthy time-to-market (27%), high capital intensity (25%), and technology risk and complexity (17%)
  • 97% of deep-tech startups wish to collaborate with corporates, mainly looking for access to market and technical & industrial expertise and capability
  • There is no standard formula for deep-tech startups & corporate collaboration, but frameworks based on the experience of 30 key actors allow to understand key success factors according to your objectives, startups maturity, market readiness

THE DAWN OF THE DEEP TECH ECOSYSTEM

The second report in partnership with BCG explores the dynamics of the evolving deep tech ecosystem and offers observations on how participants can maximise the value of their engagement.

  • Global private investment has soared in seven deep tech categories by more than 20% per year from 2015 to 2018 reaching almost $18 billion.
  • Investment in biotechnologies is the area of highest investment followed by Artificial Intelligence.
  • US companies attract almost half of investments, but funding in other countries is growing much more quickly.
  • Deep tech is no longer reserved just for the scientific community, the barriers to entry are lower than before. 
  • Collaborations in deep tech rely less on a central orchestrator and more on multifaceted interactions. Even when an ecosystem had a strong central player, rarely is any entity in complete control.

2019 GLOBAL STARTUP ECOSYSTEM RANKING 

We partnered with Startup Genome to do the first Life Sciences Ecosystem ranking as part of their Global Report.

  • Although private investment for Life Sciences is mainly located the US, talent and knowledge is much more diversified, located in many other areas of the world. 
  • Much smaller ecosystems like Lausanne, San Diego and Tel Aviv made it to the Top 10! Why? Because they're are focusing their efforts on one field instead of many. 
  • A handful of US ecosystems - led by Silicon Valley, Boston, and San Diego - dominate when it comes to startup success, growth, and exits. 

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THE AUTHORS

Hello Tomorrow and BCG work closely together


Hello Tomorrow

Hello Tomorrow is a global organisation which gathers together a community of thousands of the world’s brightest talents, who leverage science and deep technologies to create a better future. Hello Tomorrow initiates and propels collaborations between the world’s most promising projects and leading entrepreneurs, executives and investors, to bring breakthrough technology to market.

The annual Startup Challenge and Global Summit, as well as numerous international events all around the world, have become a unique platform to connect local deep-tech ecosystems with a global innovation network.

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BCG

Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.