Shaping Europe’s #DeepTech future together! 🌍🤝 One of the highlights at this year’s #FallingWalls Science Summit was our #BCG x SPRIND - Bundesagentur für Sprunginnovationen Executive Table, bringing together leaders from diverse innovation agencies, corporates, and venture capitalists across Europe. Never before have we gathered such a diverse group to shape our deep tech future. This fruitful discussion marked a powerful step toward a pan-European deep tech strategy, focusing on three crucial changes needed for us to lead in global innovation: ➡ Change scientific dogma: Almost half of the world's PhDs are awarded in Europe, yet success for scientists is still measured mainly by publications. To empower real-world impact, founding a company should be a natural next step post-PhD. Shifting this mindset can inspire a new generation of science-driven entrepreneurs. ➡ Strengthen business transfer: With German universities investing only 0.1% of their budgets into business transfer, we see an urgent need to rethink these priorities. University transfer centers should move from profit centers to service providers, supporting deep tech startups through long-term investment, encouraging both risk-taking and sustainable growth. ➡ Build a shared ecosystem: While Europe has made strides in early-stage funding, there’s a gap in later-stage investments, especially compared to the US. Encouraging companies and governments to become startup clients and fostering venture clienting are essential steps to create a sustainable ecosystem that helps deep tech startups scale effectively. At BCG, we are proud to have collaborated with SPRIN-D to build these bridges and foster the essential discussions. Thank you to all participants for joining the table and exchanging your ideas. #Innovation Markus Lorenz Rafael Laguna de la Vera Antonia Jenkinson, ACCA, FCSI Anna Bergstrand António Grilo
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Head of BCG Germany, Austria, Switzerland & CEE | Managing Director and Senior Partner
1mo👉 Dive into our latest BCG report and discover how Europe can unlock its deep tech potential: https://www.bcg.com/publications/2024/germany-unlocking-europes-8-trillion-deep-tech-opportunity?utm_source=linkedin&utm_medium=social&utm_campaign=deep_tech_report&utm_description=organic&utm_topic=tech&utm_geo=eur&utm_content=mb