Hello everyone and welcome back to the Cognixia podcast. Emerging technologies hold immense potential and promise, but without a way to focus the right tech on the most pressing challenges, companies and the world at large cannot gain their full value. This is where deep tech comes in. Deep tech involves leveraging mature and emerging technologies to solve the largest problems facing the world today while enabling bold business objectives & invigorating value chains.

Deep tech stands for cutting-edge technologies that build on advanced science and engineering innovations to bring disruptive new products to the market. According to an MIT paper, “If innovation is the match between problems like customer needs or opportunities and solutions like technology, business models, etc. then deep tech is the part of the solutions space based on breakthrough science and engineering.

The term ‘deep tech’ was first coined by Swati Chaturvedi, the founder of Propel(X), the world’s first platform dedicated to angel investing in deep tech startups. When the term was coined, it was intended to categorize startups in the life sciences, energy, clean technology, computer sciences, materials, and chemical sectors. However, since then, the definition has evolved and will continue to evolve, it is a more dynamic concept, as is just about everything in tech.

Today, the deep tech space involves cutting-edge technologies like artificial intelligence, biotechnology, quantum computing, blockchain, and much more, more industries have come under its umbrella, including agriculture, aerospace, green energy, mobility, etc.