In the last several seasons, there have been more and more deep tech startups in the Beyond pre-accelerator. Based on our work with these and other startups, we decided to write an article about the specifics of growing a deep tech startup.

A deep tech startup is built around a breakthrough scientific discovery or engineering innovation. Unlike typical startups that focus on software or consumer products, deep tech companies develop transformative technologies in areas such as artificial intelligence, quantum computing, biotechnology and robotics. These innovations aim to solve complex problems and open up new markets.

Here are main differences between deep tech and the ordinary startups:

·       Technology base: Deep tech startups rely on scientific and engineering breakthroughs, while ordinary startups often focus on software or business model innovation.

·       Development timeline: Deep tech startups have longer timelines due to complex R&D, while ordinary startups can launch products more quickly.

·       Funding requirements: Deep-tech startups require significant funding for R&D and prototyping, as opposed to the typically lower costs of mainstream startups.

·       Risk and reward: Much higher risks due to scientific uncertainties, but with the potential to create new markets and industries, offering significant rewards.

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Steps to create a deep tech startup

1.     Identify a unique technology: Start with a significant scientific discovery or engineering innovation.

2.     Conduct market research: Understand market needs and demand, identify target customers and applications.

3.     Build a strong team: Assemble experts in relevant scientific, engineering and business fields.

4.     Secure funding: Obtain seed funding from grants, angel investors or venture capital.

5.     Develop a prototype: Create a working prototype to demonstrate feasibility.

6.     Validate and test: Ensure that the technology meets performance and reliability standards through extensive testing.

7.     Develop a business plan: Outline a detailed plan with a go-to-market strategy, financial projections and milestones.

8.     Launch and scale: Launch the product, gather feedback and scale operations.

Beyond Pre-Accelerator (beyondaccelerator.com) provides specialized support for deep-tech startups, addressing their unique challenges:

·       Workshops and training: Sessions on technology commercialization, intellectual property and regulatory compliance.

·       Mentorship and guidance: Access to experienced mentors with deep tech expertise who provide valuable insight and advice.

·       International Ecosystem: Facilitated networking with industry experts, potential customers and business partners, leading to collaborations and market opportunities.

·       Market Access: Support in developing go-to-market strategies and scaling operations to help start-ups enter new markets.

·       Funding Opportunities: Connections to potential investors and guidance on securing funding from multiple sources, including EU grants.

By providing these resources, Beyond Pre-Accelerator accelerates development, reduces risk and increases the success rate of deep-tech startups in bringing breakthrough technologies to market.

Are you a deep tech startup, come join us!