Deeptech Labs and British Business Investments fuel ecosystem with extra £10m
The vision is to identify and nurture more startups in the space to convert promising DeepTech into world-class science for the benefit of the national economy.
Deeptech Labs is partnering with BBI’s Regional Angels Programme to fuel strategic investment into the most promising UK DeepTech startups, with a focus on commercialising breakthrough science for economic growth and social impact.
The Cambridge organisation is already expanding across the piece – delivering a blend of intensive accelerator programmes and early-stage funding to help commercialise UK research in the space.
This pairing of financial backing with access to over 500 world-class DeepTech experts – featuring ex-founders, technical and functional experts and over 280 active corporate and venture investors – focuses on turning breakthrough scientific discoveries into category-defining companies at global scale.
Deeptech Labs has already brought 39 companies through eight accelerator programmes to date and is seeing many of these organisations emerging as leaders in their sphere. Its portfolio will expand by 20 companies this year for a total of 48 dynamic ventures. Previous programme participants include companies such as Salience Labs, Xapien, Nu Quantum, and Monumo.
For its part, since it was established in 2014, British Business Investments has committed more than £3.8 billion to providers of finance to UK smaller businesses.
Miles Kirby, Founder and CEO, Deeptech Labs said: “Our collaboration with British Business Investments underscores our shared commitment to fostering a thriving ecosystem for deep tech innovation in the UK.
“Together, we're empowering entrepreneurs to translate ground-breaking scientific discoveries, where the UK leads the world, into tangible solutions that address real-world challenges, driving both economic growth and societal progress.”
Adam Kelly, Managing Director at British Business Investments said: “We are excited to partner with Deeptech Labs as they back promising UK deep tech startups with a focus on commercialising breakthrough science for economic growth and social impact. This commitment highlights the Regional Angels Programme’s objectives of developing the early stage funding ecosystem across the UK Nations and Regions, bringing together finance, business experience and skills to support the development of high-growth smaller businesses.”
David Groom Partner, Deeptech Labs added: “Deeptech Labs is more than just an investor; we're a catalyst for transformation. Through our holistic approach of combining capital with tailored acceleration programs and access to top-tier expertise, we're empowering the next generation of deep tech pioneers to unlock their full potential and redefine what's possible in science-driven entrepreneurship.”
For the uninitiated, Deeptech Labs is an Accelerator, VC fund and catalyst for DeepTech reach and success – founded in partnership with Nasdaq-quoted superchip architect Arm, Cambridge Innovation Capital and the University of Cambridge.
In its programmes to date it has drawn on a network of more than 500 DeepTech world leaders to help companies refine and optimise their strategies and go-to-market models.
The programmes each include a demo day and in June over 770 attendees signed up to attend these, including 240 investment bodies.
