AI and healthcare continue to dominate the deep tech investment environment, with each sector securing more than £1 billion in value in the first half of 2024.
Foreign investment firms have participated in over 300 deals every year since 2021.
The Academy and Imperial College Business School launch government-backed Venture Capital Fellowship to boost investment in the deep tech sector.
The UK has seen a slowdown in overall venture capital activity in deep tech since 2022, but key sectors like healthcare and AI continue to drive significant deals, according to a report published today by the Royal Academy of Engineering Enterprise Hub on the State of UK Deep Tech. The report highlights that the UK faces a shortage of investors with relevant expertise to understand the fundamentals and potential of deep tech startups.
Deep tech companies are leading the development of novel technologies that could transform the UK’s technological capabilities and global competitiveness, including manufacturing & materials; robotics, hardware & chips; networks; healthcare; frontier applications; energy; and AI & computing. Deep tech investment has been strong over the past decade, with higher deal values and pre-money valuations when benchmarked against all VC-backed companies.
