What is deep tech? A strategy to create value from an enduring, defensible competitive advantage
What is deep tech? Frankly, deep tech means different things to different people. It’s a term used by some tech start-ups to woo investors. It’s a label for transformative – and hyped – technologies like AI, quantum technology and biotech that offer breakthrough solutions to global problems. And it’s sometimes a description for the ‘skunkworks’ R&D divisions of major corporations. It can be all those things, and more. But here at CC we define deep tech very specifically as a business strategy.
Why? Well, let’s break it down – first by looking at what unites all those deep tech labels. All have the starting point that disruptive technology creates long-term advantage. All start with a mindset that insists ‘things don’t have to be the way they are.’ For us, that’s the essence of deep tech. By understanding the fundamental science and engineering behind a business or process, we can see where things could be very different. Rather than conforming to custom and evolved practice we can do better – much better in fact.
