Can Europe become the global centre of gravity for DeepTech?
Europe's DeepTech ecosystem is at a crucial juncture, poised to potentially become a global leader. Japan's recent commitment of over €33 billion in investments underscores the significant potential for European scientific breakthroughs. However, whether Europe can translate research into scalable companies and achieve true technological sovereignty remains to be seen. Forecasts suggest that European DeepTech could generate around one trillion dollars in enterprise value by 2030. Despite the increasing share of funding for DeepTech in Europe, early-stage rounds have decreased by 30% since their peak in 2021. This funding gap highlights the challenges faced by founders with long development cycles and technical milestones. This situation affects founders, investors, and institutions within the DeepTech sector. Long-term capital, manufacturing experience, and the ability to adapt to the unique demands of DeepTech innovation are essential. With the right investment structures, Europe can pair its research excellence with pathways that support long-cycle technologies and drive economic growth. Europe possesses advantages such as a strong technical talent pipeline, with a quarter of all Master’s degrees awarded in STEM subjects. Funding support also plays a role, with substantial grant programs like the European Innovation Council offering up to €2.5 million, alongside equity financing. Founders can improve fundability by speaking both technical and commercial languages and approaching grants as essential capital.
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