That was the focus of the conference “Deep Tech Entrepreneurship for an Innovative, Resilient, and Competitive Internal Market”, which was put together by the Swedish Presidency of the Council of the EU on 1 and 2 June 2023.
Among the challenges, the need for a more interconnected ecosystem, a growing difference in the companies’ R&D investments compared to the US, and the difficulty of translating academic strength into commercial success.
Furthermore, Europe’s capital market is not adapted to the capital eligibility requirements that deep tech ventures need, and intellectual assets are not fully recognised as business assets.
A fresh report from Vinnova, the Swedish Innovation Agency, captures and contextualises the trends, opportunities, commitments and challenges we face in pursuing the promises of deep tech in Europe.
You can find the full report here.