Blog 12 - Powerful change through Technology

 

Powerful change through Technology

Deep Tech, which encompasses artificial intelligence, robots, block chain, advanced material science, photonics and electronics, biotech, and quantum computing but is not focused on end-user services, has been a recognized investment sector for as long as the tech industry itself.

However, like many other industries, it has gone in and out of popularity depending on the overall environment. Under-the-radar deep tech grew even more hidden during the years when mainstream tech usage began to take off, as big-ticket applications and other services and gadgets popular with consumers garnered all of the attention. 

The "profound enabling power" of deep tech has the ability to effect meaningful change. It uses cutting-edge technology to make real societal changes, and it's never been more important. The worldwide pandemic, the urgency of the climate catastrophe, and the fast increase of global populations have put further burden on already vulnerable systems, and deep tech is meant to solve these basic challenges.

Take, for example, SpaceX, a deep tech pioneer that shook up the aerospace sector by developing reusable rockets and spacecraft that cut the cost of travelling to space by a factor of ten. They did it by integrating cutting-edge materials and chemicals created in the previous 20 years with vertical integration and current software engineering's modular approach.

Or take, for example, Boston-based Tom Knight, the founder of the internet, with a group of MIT scientists created Ginkgo Bioworks. A trip to Ginkgo revealed a laboratory I had never seen before. I witnessed a completely automated bioworks facility with cutting-edge robotic procedures that allowed thousands of biological ideas to be tested. They did it by integrating robotics, protein design in microorganisms and mammalian cells, and data science to create the world's biggest internal metagenomics library of cells, enzymes, and genetic programming. They've created a cell programming platform that can build almost any creature they want by combining science, technology, and data, and a digital platform that will serve as the Amazon web services of biology, allowing start-ups and other businesses to access their resources. This is a great illustration of how the ecosystem works.

So, many of you may be wondering, "How can we manage the technology risk?" right now. Will investors be willing to invest in deep tech? There is a technological danger, to be sure. Deep tech development necessitates a rethinking of our innovation strategy. I've seen that successful deep tech businesses follow four guidelines:

  • Be problem oriented, not technology focused.
  • Adopt design thinking approach.
  • It is about combining, intersecting and converging.
  • Adopt a design-cost approach.

So, if we ever want to go for the perfect change in our ideas, we have to follow these four guidelines in order to reach over the top.

 

Reference:

https://www.ted.com/talks/antoine_gourevitch_what_is_deep_tech_a_look_at_how_it_could_shape_the_future?language=en

 

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