How can corporates help solve Europe’s deeptech scaling problem?

The future of Europe’s startup ecosystem lies at the feet of the continent’s deeptech startups, according to the European Commission, which sees the deeptech sector as key to challenging the US and China’s tech dominance.

But Europe has a deeptech scaling problem — not ideal for companies looking to go from burgeoning to behemoth. 

According to a survey of founders and investors by the European Innovation Council’s (EIC) ScalingUp initiative — led by the Boston Consulting Group (BCG), TechTour, Bpifrance and Deepwave Ventures — deeptech startups on the continent struggle to:

• Secure financing and, in particular, a lead investor;

• Build and leverage a strong and productive board of directors with independent members;

• Develop a compelling business strategy and investment narrative;

• Navigate European institutional challenges.

A new report released today by BCG — which builds on the findings of the survey — aims to provide further clarity on the challenges facing Europe’s deeptechs, and its authors think corporates could be a key part of the solution.

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