View metadata

dc.titleDeep Tech: The New Wave
dc.contributor.authorPeña, Ignacio
dc.contributor.authorJenik, Micaela
dc.contributor.orgunitIDB Lab
dc.coverageLatin America and the Caribbean
dc.date.available2023-06-14T08:28:49
dc.date.issue2023-06-14T00:06:00
dc.description.abstractDeepTech startups are companies based on a scientific discovery or meaningful engineering innovation. Deep Tech startups involve significant technological risk and R&D. However, Deep Tech innovation is critical to effectively address humanities grand challenges. DeepTech companies have the potential to catalyze change, establish new industries, and disrupt existing ones. Cutting-edge technologies like AI, solar power, electric vehicles, biotech, advanced manufacturing, and space-based broadband have the potential to pave new paths for economic growth, social equity, and environmental sustainability in the region. Today, with 340 ventured-back DeepTech startups, the DeepTech ecosystem in LAC is valued at USD 8 billion and has much potential to grow. The LAC region has strong advantages such as talent and R&D cost, to further develop and grow the DeepTech ecosystem in LAC. By fostering DeepTech in the region, LAC countries will benefit from the creation of jobs, as well as from potential access to improved basic products and services. Poor and vulnerable communities may greatly benefit from the adoption and creation of new technologies.
dc.format.extent155
dc.identifier.doihttp://dx.doi.org/10.18235/0004947
dc.identifier.urlhttps://publications.iadb.org/publications/english/document/Deep-Tech-The-New-Wave.pdf
dc.identifier.urlhttps://publications.iadb.org/publications/spanish/document/Deep-tech-la-nueva-ola.pdf
dc.language.isoen
dc.publisherInter-American Development Bank
dc.subjectInnovation
dc.subjectScience and Technology
dc.subjectArtificial Intelligence
dc.subjectInvestment
dc.subjectVenture Capital
dc.subjectResearch and Development
dc.subjectBiotechnology
dc.subjectStartup
dc.subjectTechnology Risk
dc.subjectMedical Device
dc.subjectGross Domestic Product
dc.subjectEmerging Biotechnology
dc.subject.jelcodeG24 - Investment Banking • Venture Capital • Brokerage • Ratings and Ratings Agencies
dc.subject.jelcodeM13 - New Firms • Startups
dc.subject.jelcodeO33 - Technological Change: Choices and Consequences • Diffusion Processes
dc.subject.jelcodeO57 - Comparative Studies of Countries
dc.subject.keywordsDeep Tech;startup ecosystem;biotech;technological change;exponential growth;Venture capital;innovation;Latin America
dc.typeMonographs
idb.identifier.pubnumberIDB-MG-01107
idb.operationBK-C2176
Return to Publication