Four Hungarian startups are qualified as Deep Tech Pioneers
Hello Tomorrow unveils the top 750 Deep Tech Pioneers selected from the Global Challenge
Every year we receive thousands of applications to our deep tech startup competition, the Global Challenge. This year was no exception, we actually beat all previous records, with 5,176 applications coming from 128 countries!
Four of these innovations are from Hungary!
It’s safe to say that this gave us a pretty good idea of what deep tech innovation looks like today. Our team and network of experts carefully judged and selected the best 750 startups from the pack, based on the following 4 criteria: technological innovation, economic viability, leadership & team and potential impact on industry and society. We call these startups our ‘Deep Tech Pioneers’. Here’s what we know about the best projects out there.
Deep tech from well-established ecosystems and some promising newcomers
While 27% of these incredible projects come from North America, just over half are European (54%), 14% from Asia and the remaining 5% are dotted over all corners of the globe.
Deep Tech innovation is fuelled by university research
37% of our Deep Tech Pioneers are university spin-offs. 54% of Deep Tech Pioneers have obtained at least one patent to protect their intellectual property, indicating that these innovations are one-of-a-kind original and novel research, just waiting to be discovered (at the HT Global Summit!) What’s more, 40% of startups have published academic papers in peer-reviewed journals, confirming yet again that the link between research and deep tech innovation is strong.
High impact solutions across all sectors
The high-impact nature of these solutions is in part reflected by the fact that these startups are primarily (79%) targeting B2B markets. Developing a platform technology, which can be implemented by many industrial players and applied directly to different products, makes their innovation all the more disruptive.
What does a Deep Tech Pioneer look like?
The average age of a Hello Tomorrow Deep Tech Pioneer startup is under 3 years, which is still very early-stage in the deep tech world! These ground-breaking technologies take time, and require an extensive R&D period in comparison to web and mobile applications, which can easily be developed within a few months.
24% of the startups have female founders, a figure that, whilst definitely not encouraging in terms of gender parity, reflects the fact that the STEM fields remain highly male-dominated (for now!) Year by year, more and more women globally are entering STEM careers, and we hope to see this figure increase accordingly.
They’re all about acceleration
Finally, the importance of acceleration programs to these deep tech startups is significant. 35% of Deep Tech Pioneers are actively looking for acceleration programs to join, whilst 33% are currently enrolled in one. Startups in the deep tech space often lack vital business expertise and access to a mentoring network, and these programs are a great way to obtain the necessary skills and connections to go far. That’s why we’re dedicating a whole day to business meetings with accelerators and incubators, aptly named the Business Day, so that these startups are able to find the right program for them.
Biopesticide, IT Medicine, Jfermi and Lupfe will represent Hungary at the global gathering of Deep Tech pioneers.
Biopesticide provides sustainable rice production using environmentally friendly biopesticide
against the rice leaf blight disease.
ITMedicine developed a groundbreaking gynecological physiological diagnostic medical device that can measure the fetal EEG and ECG waveforms during pregnancy and labour.
Jfermi designs a modular bioreactor with its open source, high level programming language control software. Thanks to its flexible properties and reasonable price, the device could open new doors in R&D and education and see even wider dissemination in new companies, secondary/high schools and higher education institutions.
Lupfe develops a novel generator-set in order to provide an ultra-light, purpose-built solution for enterprises developing electric aircraft.
Hello Tomorrow provides the platform
In order to give these breakthrough innovations a platform and answer the specific needs of deep tech startups, we have crafted an entire week of events and meetups called the Deep Tech Week, taking place in Paris on March 9–13th 2020. Events include the Business Day (March 10th) and Investor Day (March 11th) and the Global Summit (March 12–13th) — grab your passes today!
Hello Tomorrow Hungary and the Hungarian Embassy in Paris collaborates to provide further platform for V4 initiatives.