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High-stakes enterprise investment in deep tech options is largely driven by the threat of sector competitors, with substantial R&D budgets and jobs on the line, according to a new report from Seeqc, a digital quantum computing organization. In the survey, 37% of providers stated they had been investing in deep tech since they had been worried about getting left behind by competitors.
Deep tech is a classification of technologies aimed at supplying options based on substantial scientific or engineering challenges to previously intractable challenges. This category consists of options such as autonomous automobiles, blockchain/cryptocurrency, quantum computing, sophisticated AI/machine studying and more.
The report identified that 82% of choice-makers have fears or anxieties about investing and implementing deep tech options for their providers. Either actual or perceived, FOMO plays a huge element in the choice-producing procedure for enterprises — 67% stated they worry their competitors are additional along than their organization is.
“Large companies are well aware of the competitive advantage deep tech partnerships can bring them in the long term, the challenge is finding technology providers that can develop tailor-made solutions for business problems that matter the most,” stated John Levy, CEO and co-founder of Seeqc.
The report also examined how enterprises evaluate deep tech providers when thinking of investing or partnering with them. When sourcing options and prospective partnerships, providers are split nearly evenly involving providers with no clear preference emerging.
- Established corporations – 29%
- Startups and venture-backed providers – 25%
- Internally created sources – 24%
- Universities or analysis centers/government-funded initiatives – 21%
When thinking of startups or venture-backed providers as deep tech providers, providers generally take into account a handful of attributes as important. As the chart above shows, a venture-backed company’s portfolio of patents and intellectual home as effectively as its access to testing facilities had been the two most critical qualifications providers had been searching for.
To total the report, Seeqc surveyed more than 200 choice-makers at massive providers in March 2021. The survey was completed on line and responses had been random, voluntary and anonymous.
Read the complete Seeqc report Out of the Lab, Into the Market: Deep Tech’s Enterprise Future.