Recently investor Nicolas Colin asked the question, ‘Do we really need deeptech?’. No, was his answer. At least not from entrepreneurs, who would be better advised, he said, to apply existing tech to new, untapped markets rather than “some new fancy technology that will solve a problem such as carbon storage, smart grid balancing or longer battery life”. Seek out uncertainty within markets, not new technology, was the message — and develop products that people want today, not tomorrow.
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