While entrepreneurs and investors are well versed in the Lean Startup model for developing tech companies, the relevance of this approach to business building diminishes in the realm of deep tech. The reasons for this are varied and formidable.
Often deep tech opportunities emerge from the laboratories of our leading research institutions. The academic incentive to create new knowledge rarely matches the ambitions of businesses to solve problems. Early- stage investors and entrepreneurs can often find themselves trying to identify use cases and applications for a new technology – essentially a solution looking for a problem to solve. This is at odds with the normal startup mode in which the business has been created explicitly to solve an identified…
