#deepthoughts
Once a week, the #deeptech team at Octopus Ventures will share a topic that we have been thinking about!
This week, we've been considering the symbiotic relationship between corporates and DeepTech startups.
In the current technological landscape, the synergy between corporates and DeepTech startups is vital. It's crucial to acknowledge the key role of these partnerships, as they not only drive technological advancement but also influence the direction of innovation, while tackling pressing global challenges.
🚀 Corporates gain access to ground-breaking technologies that disrupt markets and improve their products, streamline processes, and refine services. In addition, they diversify their sources of #innovation, critical for risk mitigation. DeepTech startups serve as alternative R&D channels, complementing internal efforts and enriching the innovation ecosystem.
For instance, 💾 #IntrinsicSemi uses RRAM to achieve faster data read and write speeds than conventional market offerings. The technology integrates seamlessly into existing chip manufacturing facilities, improving memory performance and reducing energy consumption.
🔬 DeepTech startups flourish in agile environments, allowing them to quickly adapt to changes. Collaborating with or investing in these startups gives corporates the chance to benefit from their agile operations, speeding up their own innovation cycles. Furthermore, these partnerships open up disruptive new markets, giving corporates a competitive edge by redefining industry standards and discovering untapped revenue streams.
For example, 📹 Living Optics is pushing the boundaries of traditional imaging with hyperspectral imaging technology. This technology enables advanced computer vision algorithms to detect and identify materials, segment images based on detailed criteria, and track objects with unprecedented accuracy, revolutionising fields such as environmental monitoring, agriculture, healthcare, archaeology, and more.
👩🔬 Moreover, many innovative DeepTech startups are founded by visionary individuals who are industry leaders in their respective fields. Working with these startups gives access to these entrepreneurial minds and their expertise.
These collaborations provide corporates with access to disruptive technologies and foster symbiotic relationships that benefit both sides. Startups gain from corporates' vast resources, mentorship, and market access, which are crucial for their growth and success.
If you're as passionate about this topic as I am, I'd love to chat!
😎 To stay updated with our thoughts, follow the rest of the team: Mat, Owen, Flavia, Maiuran, Simon, Jonathan, Joanna, Amy, Oliver and Hugo
Thanks for the opportunity! Onwards and upwards!!