2023 年欧洲深度科技报告-英

THE 2023EUROPEAN DEEP TECH REPORTNovember 2023Executive Summary2– Deep Tech is fundamentally new science and engineering making its way into products and companies for the first time– These technologies have historically unleashed mega-waves of innovations such as the invention of electricity or the transistor– Deep Tech companies have a different risk profile (e.g., high tech risk, lower market risk) and require a new approach to investing1. DEEP TECH DEFINED– Europe has what it takes to become a global hub for Deep Tech excellence: Strong fundamental research (e.g., 6 schools in top 20 schools globally for computer science), well-educated talent (~1.5x the number of STEM graduates vs. the US), more public support than ever before (e.g., €1bn NATO fund, SPRIND, JEDI), and positive citizen sentiment (90% of Europeans think that the overall influence of science and tech is positive)2. THE EUROPEAN DEEP TECH OPPORTUNITY– Overall: Deep Tech is amongst the most resilient VC categories with ~$15bn YTD 2023 (almost on par with 2022 vs. -70% in Fintech)– Geographical: The UK ($3.4bn), France ($3.2bn), and Sweden ($3.2bn) have received most Deep Tech funding across Europe – Deep Tech hubs are emerging: Stockholm ($3.2bn – mega-rounds), London ($1.5bn), Paris ($1.5bn), Grenoble ($1.2bn – mega-rounds), and Munich ($700m)– Exits: The most notable exits were the IPO of ARM (~$54bn) and acquisition of InstaDeep by BioNTech (~$562m)3. FUNDING LANDSCAPEExecutive Summary34. SEGMENT DEEP DIVES– Some of the biggest challenges that remain in Europe are to encourage more entrepreneurs to move into Deep Tech,to harmonise university spinout terms, to form more dense talent / excellence clusters, to increase the LP base and involvement of institutional investors, to stress the importance of governments & corporations as customers, to strengthen the exit channels, and to promote diversity across founders & investors– These challenges can only be tackled if Europe acts united and embraces coopetition5. CHALLENGES & RECOMMENDATIONSNOVEL AIFUTURE OF COMPUTESPACE TECHNOVEL ENERGYCOMPUTATIONAL BIOLOGY & CHEMISTRY+50% vs. 2022, record year $1.3bn in funding (1.5x 2021)+10% vs. 2022 ($1.1bn vs. $900m)+5% vs. 2022 ($784m vs $737m)-50% vs. 2022 ($656m vs. $1.3bn)-50% vs. 2022 ($288m vs. $505m)4About this reportGreat excitement has been generated by quantum computing, the first glimpse of an artificial general intelligence, or new protein design solutions. Artificial Intelligence alone could add another $13 trillion to the global economy over the next decade, according to McKinsey & Company. The potential value of nuclear fusion or curing cancer is hard to overstate. Meanwhile, there’s also scepticism, not about these innovations, but about the term ‘Deep Tech’. Firstly, it’s rather vague. Secondly, it implies a too narrow focus on cool technologies for their own sake, while losing sight of commercialisation & competitiveness. The EU is heavily investing in strengthening Europe’s