Deep tech companies are critically engaged in areas such as artificial intelligence, biotechnology, blockchain, robotics, and quantum computing. Despite requiring extensive investments and complex operational expertise, these companies hold the potential to revolutionize entire industries.
The Global Deep Technology Challenge provides a vital platform for such startups. Backing innovative ideas, this competition offers exposure and the opportunity to secure equity-free funding, making ease for startups to concentrate on enhancing their technologies.
With an objective of accelerating the power of deep tech to address global issues, the Global Deep Technology Challenge also fosters collaboration amongst innovators. It supports the integration of ground-breaking solutions across industries, allowing startups to present their brilliant ideas before industry leaders and peers.
Specifically supporting hardware technologies, the Challenge aims at increased efficiency in data processing units, promotion of AI technologies, machine learning tools, and fostering improved broadband networking for remote communities. This accelerates innovation in green technologies, decreasing digital infrastructure wastage.
The Challenge also funds projects instrumental in the invention of new semiconductor materials, leading to streamlined production processes. It advocates improvements in electronic devices, circuits, optical components, all critical to enhancing communication and information processing systems.
Focus on unique AI models, machine learning, AI-focused hardware, including Edge AI, are also given importance.
Global competition boosts deep tech startups
Initiatives are taken to advance IoT devices and technologies for streamlined data processing and management. Special attention to real-time and edge-based AI computations is also encouraged.
The importance of cybersecurity and data privacy is well-recognized too. The Challenge promotes technologies aiming at digital protection, preserving identities, and preventing cybercrime. This results in maintaining the integrity and confidentiality of systems and information.
Participants can earn equity-free cash prizes, with €100K for the Grand Winner, €25K for the runner-up, and €25K for the Emerging Pioneers Award. Previous finalists of the challenge have secured over $3 billion in funding.
Apply by the deadline on September 22, 2024, to set the pace for your deep tech startup. The challenge offers valuable resources, grand exposure, relationship-building with industry leaders, potential partners, and investors increasing your business prospects. Submit your application to fast-track your startup.
