What is Deep Tech?

Deep Tech encompasses technologies grounded in scientific and engineering breakthroughs, particularly in fields like physics, mathematics, and materials science. It spans various domains, including artificial intelligence, biotechnology, quantum computing, and nanotechnology. Such technologies often necessitate a profound comprehension of fundamental scientific principles and have the potential to tackle intricate challenges while making a considerable societal impact.

Prominent examples of Deep Tech companies include those engaged in autonomous vehicles, regenerative medicine, and space exploration. Noteworthy Deep Tech giants include:

1. Google — a leader in AI, machine learning, and cloud services.
2. Microsoft — focusing on AI, quantum computing, and cloud technologies.
3. IBM — renowned for its work in quantum computing and AI.
4. Amazon — a major player in cloud computing and AI.
5. NVIDIA — specializing in GPU technology for AI and gaming.
6. Intel — significant in semiconductors, AI, and cloud computing.
7. Tesla — recognized for electric vehicles and energy storage.
8. SpaceX — a private aerospace manufacturer and space transport services.
9. OpenAI — dedicated to developing friendly AI.
10. Biogen — a biopharmaceutical firm targeting neurodegenerative diseases.

Now, let’s delve into the core elements of this guide.

10-Step Playbook

In this section, each step will be elaborated upon.

Step 1: Invest Time in Pre-Research

Launching a Deep Tech company is significantly more complex than starting a conventional software firm. Thus, thorough pre-research is crucial. Engage with industry experts for insights into technology and market trends, explore first-order physics to validate product feasibility, and analyze past ventures to learn from their successes and failures. This upfront investment in research will enhance your long-term success prospects.

Step 2: Collaborate with Academia

Universities are invaluable for gaining knowledge about pioneering technologies and forging industry connections. Engage deeply with academic literature, converse with professors, and visit doctoral research labs to preview future technologies. Staying informed about the latest advancements will grant you access to premier resources and talent.

Step 3: Construct the Organization Structure

While a software startup might begin with a lone engineer, Deep Tech ventures necessitate a more extensive team. Create a comprehensive organizational chart detailing the engineering roles required over the next five years, working backward to ensure you attract skilled engineers capable of bringing your product to fruition.

Step 4: Relocate for Talent

Proximity to the talent you wish to recruit is essential for building a strong team. The “Beehive Effect” suggests it is significantly easier for individuals to commute for work than to relocate. Therefore, be prepared to move to a tech hotspot or an academic city with a robust engineering program.

Step 5: Establish Clear Engineering Requirements

Setting the correct engineering specifications from the outset is vital. Collaborate with clients to define essential product features and validate these through engineering tests. Many hardware development errors stem from unclear requirements, so this step is critical.

Step 6: Prioritize a Functional Prototype

To demonstrate the viability of your technology, a real-world prototype is necessary. Set a two-year target to achieve a fully functional prototype, which will aid in securing funding, attracting early partners, and validating your concept to investors.

Step 7: Aim to Raise $10 Million

To introduce your Deep Tech product to the market, aim to raise approximately $10 million within the first two years. This funding should support building a top-tier team and developing a minimally viable prototype. While attracting investors interested in Deep Tech can be challenging, persistence will help you find those who share your vision.

Step 8: Obtain Commercial Contracts

In the Deep Tech sector, substantial capital is crucial. Thus, securing an initial pilot customer—preferably a major corporation that can serve as both your first client and strategic investor—is vital. Such partnerships can transform your business, providing essential financial backing and a collaborative environment for product development. Examples of successful partnerships include Tesla with Daimler, Rivian with Amazon, SpaceX with NASA, and Archer with United.

Step 9: Validate System Architecture

Establishing the correct long-term architecture from day one is essential. This will prevent costly rework down the line. Document your architecture through block diagrams and validate its feasibility via prototypes to create a solid foundation for your venture.

Step 10: Maintain a Positive Outlook

The journey of starting a Deep Tech company can be arduous, yet it is also immensely rewarding. Behind every successful Deep Tech venture lie numerous failed attempts and years of dedication. While you may encounter skeptics, it is crucial to remain optimistic and focused on fundamental principles. If you believe in your idea, stay committed, and work diligently, great achievements are within reach.

My Reflections

The year 2043 is anticipated to be a pivotal moment for Deep Tech, representing a future where technological advancements are expected to reach maturity. By this time, sectors such as AI, space technology, fusion energy, robotics, and genetics are likely to dominate the technological landscape.

The evolution of Deep Tech industries is fueled by the aspiration to solve complex problems and create innovative, efficient solutions that significantly impact society. As technology progresses, opportunities to tackle these challenges will grow, demanding higher expertise and technical prowess.

Thus, 2043 is envisioned as a period when the most significant global corporations will be those leading the charge in Deep Tech, utilizing advanced technologies to confront pressing challenges and foster innovation.

Remember, establishing a Deep Tech company is far more intricate than launching a traditional software venture, so be prepared to dedicate the necessary time, effort, and resources. However, the benefits of being at the forefront of transformative technology and influencing the future are invaluable. If you are ready to embark on this journey, embrace the challenge and start developing the next groundbreaking Deep Tech enterprise today!

I am confident that the potential rewards of being at the cutting edge of technology are substantial. The avenues for innovation and impact in areas such as AI, space, fusion, robotics, and genetics are vast.

By adhering to the 10-step playbook detailed above, you can set yourself on a path to success and make a meaningful difference in the world. Approaching Deep Tech with optimism and determination is essential. Though every successful Deep Tech company has faced numerous setbacks and challenges, maintaining focus on your objectives will help you surmount any hurdles.

If you are enthusiastic about Deep Tech and ready to tackle the challenges of entrepreneurship, go for it! The future is brimming with possibilities waiting for you.