Deep tech startups catalysts for innovation & industrial transformation, says GlobalData

New Delhi: In the world of deep tech startups, innovation intersects with global challenges, forging a path towards an industrial revolution. These startups, driven by groundbreaking scientific research, possess the potential to reshape technological landscapes and address contemporary societal needs. With examples like Moderna’s mRNA technology and Seaborg Technologies’ compact molten salt reactor, these pioneers are demonstrating how deep tech can usher in transformative solutions that swiftly adapt to real-world demands, says GlobalData, a leading data and analytic company.

Kiran Raj, Practice Head of Disruptive Tech at GlobalData, comments: “A startup triumph, Moderna’s groundbreaking approach with mRNA technology transformed a typically years-long vaccine development process into just a few months during the COVID-19 pandemic. In a parallel vein, Seaborg Technologies is rethinking nuclear energy with its new compact molten salt reactor. Both companies show how deep tech combines fresh ideas with real-world solutions, creating meaningful change in technology and industry.”

GlobalData’s latest Startup Series report, “Deep tech alchemy: how innovators disrupt industry,” explores 12 emerging deep tech domains and their sub-domains, revealing insights into startup-driven transformations.

Anthropic, a US-based AI startup, is making noise in natural language and reinforcement learning. It aims to improve how AI understands and generates content, making it more useful for everyday tasks. Partnering with giants like Amazon, it is focused on creating practical AI solutions that can think, reason, and create.

Elevate Bio, based in the US, is working to speed up the development of cell and gene therapies that could lead to new treatments for genetic disorders.

Alice and Bob, a French startup, is pioneering quantum technology with “cat qubit” advancement. This development marks a substantial stride in enhancing the reliability and efficiency of quantum computers, potentially leading to a revolution in data processing.

Unastella from South Korea is making space travel more accessible. It has developed a vehicle for sub-orbital space trips, opening new possibilities for space tourism.

Raj concludes: “Deep tech startups hold the promise of profoundly influencing industries and society. However, their path is typically marked by substantial hurdles. Introducing a product often demands an extended timeline and elevated R&D expenses. Moreover, the groundbreaking nature of their solutions often requires simultaneous market expansion and technical advancement.”