Financing Deep Tech
Deep tech companies - those built on advances in biotechnology, robotics, electronics, artificial intelligence, and other advanced technologies—aim to solve complex social and environmental challenges. Today the majority of deep tech companies are...
| Main Authors: | , , , , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/undefined/994721636125287177/Financing-Deep-Tech http://hdl.handle.net/10986/36566 |
| Summary: | Deep tech companies - those built on
advances in biotechnology, robotics, electronics, artificial
intelligence, and other advanced technologies—aim to solve
complex social and environmental challenges. Today the
majority of deep tech companies are being launched in
developed countries, yet the solutions they can provide are
applicable globally. Many of these solutions are especially
critical to emerging markets, as the intractable challenges
of climate, health, and connectivity, among other issues,
disproportionately affect these nations. Addressing these
challenges is a strategic priority for development finance
institutions and governments worldwide, so financing deep
tech companies and boosting deep tech ecosystems in order to
deliver new solutions globally is a pressing matter. Doing
so, however, requires substantial capital and carries a
higher degree of risk than ordinary venture investments.
This note examines the process of financing a deep tech
company, including the benefits and drawbacks of currently
available types of financing, and suggests examples of
promising but not yet widespread alternatives. |
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