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Deep technology is becoming a hot topic in Europe, where we hope the region will have an advantage over the rest of the world in terms of innovation rooted in basic research. One of the main arguments: European countries have great universities and talents. But how can academic talent be translated into startups? Let’s dive in. – I
Universities, deep technical cauldron
From startups to universities, we are joining forces to make Europe a world leader in the new wave of deep technological innovation! European Commissioner Maria Gabriel chirp earlier this week after speaking at the Tech.eu Summit in Brussels. As I noticed while attending the event, she wasn’t the only one who mentioned this topic with enthusiasm.
This deep technology that raises great hopes in Europe was not entirely a surprise. Alex I already wrote about Europe’s deep tech boom and investor interest in it earlier this year. But the role that educational institutions are expected to play piqued my interest.
“There is no doubt that the future of innovation in Europe will emerge from its world-leading universities,” Riam Gansu wrote at Tech.eu guest site prior to the event. Kanso is the founder of Conception X, which I heard about by chance for the first time earlier this month. The UK-based non-profit organization aims to transform a Ph.D. Adventure researchers.
“It’s a simple yet well-proven recipe,” Kanso said. “You have a Ph.D. A team working on cutting edge research with major real-world applications. They know their innovations can help discover effective treatments for incurable diseases now, power zero-carbon cities or tackle the future of automation. Through a combination of entrepreneurship training And accessing free legal advice, funding opportunities, and expert connections, we help them figure out how to turn their research into a deep and scalable technology company.”
It is nothing new for universities to more or less give birth to subsidiaries or facilities (we’ll use the terms interchangeably here.) For example, MIT is known for counting many entrepreneurs among its graduates, and quite a few of these ventures are based on the intellectual property that has been developed. during their studies or research.
But in Europe, intellectual property can be a thorny issue. Canso said that “the potential for meaningful innovation brewing across research laboratories in Europe remains largely untapped due to varying – and sometimes stifling – IP ownership rules that can make spin-offs uninvestable and difficult to scale.”
Despite this, European universities and venture capital firms are making increasing efforts to ensure that promising seeds turn into successful companies.
Beware the hole Beware the hole
Despite the hurdles, enterprising investors looking for innovation know that expats are very much worth their attention. “As an early stage business investor, many of which are deeply technical in nature, we see universities as the foundation of the companies we invest in,” said Simon King, himself a Ph.D. venture capital investor.