Deep Technology, or deep tech startups as it is popularly known, typically pertains to a startup company whose sole focus is to provide revolutionary technology solutions that are backed by significant scientific research. The challenges that are posed need extensive research and development before becoming a part of the mainstream. Once successful and commercialised, deep tech startups can dedicate themselves to solving highly complex problems that act as an obstacle between societal advancement and technology.
Deep tech startups mainly deal with complex areas of science and technology, like robotics, automation, artificial intelligence, quantum computing, blockchain, biotechnology, language processing, and much more. It goes without saying that deep tech startup are a rage amongst investors and garner huge funding owing to the elaborate effort that they put into scientific discovery and research. The resulting research of deep tech startups has the potential to change lives for the better and introduce advancements that influence daily life. Deep tech startup are applicable across industries, as they can come up with solutions for climate change, dietary needs, chronic illnesses, biomedical sciences, agriculture, aerospace, and more.
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What separates deep tech startups from other generic engineering startups is precisely the radical and nuanced approach that it adopts. The opposite of deep tech startup is shallow tech startups, the latter focusing on mobile applications, web development, and other widely present technology. Shallow tech startups focus on working for businesses and firms and providing appropriate solutions for the same.
Because of how ambitious deep tech startups are, it is imperative to understand they require a huge amount of funding and backing up. Its revolutionary nature is only capable of seeing the light of day if it reaches the market and finds appropriate funding that could help in its respective research endeavours. Deep tech startup have to collaborate with other businesses and technical groups to thrive in a competitive market and work on their research and development without any restrictions. This collaboration allows deep tech startup to meet most of their technological and commercial needs. Moreover, it is hard to recreate deep tech startup, given that their technology is patented. In most cases, commercial success for deep tech startups is a long and developing process as the life-changing technology that they deal with takes years to develop.
Many tech giants like Google, Amazon, Facebook, and Uber are heavily invested in the realm of deep tech. Some major instances of this are Google and its work on Google Life Sciences and Uber and Apple in automated, driverless car services. The existence of these huge companies and other public sectors, education systems, angel investors, and more facilitates the field of deep tech in a significant manner.
The best way to measure the success of deep tech startups is to see it in contrast to the mainstream success of mobile and internet technologies. While these shallow tech innovations have changed the world for the better, deep tech deals with grave problems like mitigating diseases while also advancing an array of industries.