Deep Tech Momentum secures €1M to accelerate Europe’s sovereign tech ambitions
Deep Tech Momentum (DTM) has secured €1 million in funding to accelerate the commercialization of European deep tech, aiming to bolster the continent's technological sovereignty. This initiative connects industry leaders with innovations poised to redefine Europe's standing in technology. The core objective is to foster a robust deep tech ecosystem, bringing together key players to drive competitiveness and investment. The marketplace, founded in 2022 by Isabelle Flanagan and Martin Schilling, centers around an annual conference in Berlin, an invite-only platform. Only 6% of applicants are selected to connect top founders with venture capitalists managing over €25 billion, along with corporate innovators and ecosystem leaders. The DTM 2026 festival is anticipated to draw 3,000 participants. This effort directly impacts deep tech startups, investors, and corporate leaders, by offering a unique platform to forge partnerships and accelerate the commercialization of European deep tech. The focus areas include DTM Energy, Space, Defence, Robotics, Materials, and Computing. The funding also welcomes a syndicate of angel investors via Events Venture Group. This funding round represents a significant step towards achieving the goals set forth by DTM, aiming to close Europe’s innovation gap. DTM aims to act together and focus resources where the impact is greatest to deliver results within months, not years, as highlighted in remarks by Mario Draghi.
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