Deep tech: Three mind-blowing start-ups to watch as Europe aims to double its unicorns – Euronews
Europes deep tech sector is having its moment and accounts for a quarter of the blocs start-up ecosystem.
Deep technology is the generic term that covers all tech that is based on tangible engineering innovation or scientific advances. It includes technologies such as artificial intelligence, robotics, quantum computing and blockchain.
Europe is seeking to bolster firms in the sector to compete on the global stage. At the Mobile World Congress in Barcelona, Euronews Next spoke to three deep tech start-ups worth keeping an eye on.
The Swiss start-up is developing a technology that measures your facial expressions, such as eye movement and jaw biting through earbuds and then sends those signals to a small box connected to the device, which sits at the back of your neck.
This Internet of Humans technology uses its closed-loop system which translates brain waves and uploads this data to their cloud. Once processed, these signals can tell us a lot about our state of mind, including levels of tiredness, focus and other cognitive activity.
These health insights are then analysed and can help build knowledge about different mental states, which could ultimately help people hear or sleep better.
The start-up is working with the Japanese pharmaceutical company Takeda and is validating the technology for sleep onset neuromarker detection.
For the moment, the start-up is at the end of its seed stage and is a business-to-business company but its aim is to roll out its products to consumers, so that it could be used in multiple scenarios, including selecting your music playlist based on your mood.
The technology is still in development and health regulation is still needed.
People will look back in 100 years and they will say people died from perfectly curable diseases because they just didn't know about it, IDUN Technologies chief executive officer and co-founder Simon Bachman told Euronews Next.
I understood that we need to get better in preventative health and for preventative health you need a technology which is accessible by healthy people, he said.
However, he said one of the largest limitations of the medtech area and healthcare area is because regulation means there's a huge barrier to get into the sector.
Bachman said he welcomes regulation and the company has its own neuroethics committee that discusses issues of data sharing. He also said the company is actively participating in the dialogue on how neurotechnology could and should be regulated and is speaking to policymakers.
As for being a European start-up, Bachman said there is literally no drawback.
Europe is the place to be because we are living in a connected world. And you know, the talents in Switzerland, especially, but also in Europe.
Oxford Quantum Circuits: the supercomputer
Quantum computing is another sector that is taking off in Europe. It works by using quantum physics to create new ways of computing.
Quantum computers typically have an edge over regular computers in situations where there are lots of possible combinations, as they can consider these simultaneously.
Quantum computing can be used across multiple sectors, including by businesses for risk analysis, governments for cybersecurity and the pharmaceutical industry.
One start-up based in the United Kingdom that is making strides with this technology is Oxford Quantum Circuits.
We are a pure-play, quantum computers service company, which basically means we build quantum computers and then operate them in the hands of customers so that they can solve some of the world's most challenging problems using quantum to create this quantum-enabled future, Ilana Wisby, co-founder and CEO told Euronews Next.
The company launched this week with Amazon Web Services Amazon Braket so that for the first time quantum computing is now available by public cloud via Amazon Braket in Europe.
Wisby said this was incredibly important because there's a lot of their customers that are already accessing quantum computing, but they haven't had European hours for uptime and they haven't had European data protection.
So these are things that we can now provide, she said, adding that they have now been able to have private customers work with them directly, which opens a much larger market for them.
The Greek start-up MAGOS is developing a hardware and software solution to revolutionise the interaction of users within the digital environment. It has produced an exoskeleton glove that allows you to touch and feel in the virtual world.
The wearable glove-type product is connected with a PC and digitises the motions in your hand with very high accuracy of how the fingers move.
The company uses unique sensors which are connected to every joint and capture every movement and feeling. This technology could be used by clinicians in training to perform procedures remotely and give data to health care providers from a distance, which may revolutionise hand rehabilitation.
We see that the computing devices of the future will be the headsets the TED model displays for augmented reality and or any product that the current hardware will evolve to, Magos CEO and founder Greg Agripolous told Euronews Next.
Though the technology is revolutionary, it is hard to compete as a European start-up, he said.
We have some competitors from the US. The market there is much more mature and corporate and there is more investment in technologies.
And the funds are available in the US way more than in Europe, so we are struggling a lot.
However, Agripolous noted that despite those difficulties the start-up has managed to attract EU innovation funds and is attracting customers from the US.
Can Europe compete?
Europe is trying to bolster its tech ecosystem to rival those of the United States and China with a new initiative.
The European Start-up Nation Alliance (ESNA) was first announced during the Portuguese Presidency of the Council of Europe in November last year.
ESNA is in charge of a new standard for start-ups across the bloc and will compile best practices as well as provide technical support and monitor start-up progress.
It also has the ambitious aim to double the blocs number of unicorns by 2030.
Member states have pledged commitments to ESNA, including France, which has committed to facilitating the creation of 10 to 20 late-stage investment funds with at least 1 billion under management and a boost in deep-tech financing.
At the Mobile World Congress, the digital and economic ministers of Spain, Portugal and Austria met to discuss how ESNA may shake up the blocs start-ups.
Too much fragmentation is another issue the alliance wants to solve.
There are 27 different member states and legal frameworks (...), which is different from the USs single market, said Andr de Arago Azevedo, Portugals Secretary of State for Digital Transition.
Pere Duran, the director of the start-up platform 4YFN (four years from now) said data protection was another issue for the bloc.
I believe that there are several challenges, and one of them is to be able to compete with ecosystems such as China and the US, who probably do not have as many regulations as we do here on the tax areas and data protection," he told Euronews Next.
But Duran said the start-up scene in Europe is "really thriving" and investment in the bloc's start-ups is reaching record levels.
More than 100 billion was invested in European tech last year so it's a very good moment to be a digital entrepreneur in Europe, he told Euronews Next.
Here is the original post:
Deep tech: Three mind-blowing start-ups to watch as Europe aims to double its unicorns - Euronews
- Turkey Launches First 5-Qubit Quantum Computer, Called QuanT, Marking National Technology Breakthrough for the Country - Quantum Computing Report - November 23rd, 2024 [November 23rd, 2024]
- Toshiba and RIKEN Achieve 99.90% Fidelity with Double-Transmon Coupler for Superconducting Quantum Computers - Quantum Computing Report - November 23rd, 2024 [November 23rd, 2024]
- IBM and Pasqal to Advance Quantum-Centric Supercomputing with a Unified Framework - Quantum Computing Report - November 23rd, 2024 [November 23rd, 2024]
- Up 43% Today, This Quantum Computing Stock Has More Than Tripled In November - Barchart - November 21st, 2024 [November 21st, 2024]
- Quantum computing making leap from theoretical to practical - Hamburg Invest - November 21st, 2024 [November 21st, 2024]
- Google Unveils AlphaQubit: AI-Driven Breakthrough in Quantum Error Correction - Quantum Computing Report - November 21st, 2024 [November 21st, 2024]
- Lightsynq Comes Out of Stealth with $18 Million in Series A Funding to Scale Quantum Computing - The Quantum Insider - November 21st, 2024 [November 21st, 2024]
- How Clean Does a Quantum Computing Test Facility Need to Be? - HPCwire - November 21st, 2024 [November 21st, 2024]
- Alice & Bob Launch Dynamiqs: A GPU-Accelerated Library for High-Speed Quantum Simulations - Quantum Computing Report - November 21st, 2024 [November 21st, 2024]
- Microsoft and Atom Computing Are Taking Orders for a Fault Tolerant Quantum Computer with 1K (Physical) / 50 (Logical) Qubits for Delivery Next Year -... - November 21st, 2024 [November 21st, 2024]
- Nurturing The Emerging Ecosystem Of Industry-Academia Collaboration In Quantum Computing - NDTV Profit - November 21st, 2024 [November 21st, 2024]
- Microsoft and Atom Computing leap ahead on the quantum frontier with logical qubits - GeekWire - November 21st, 2024 [November 21st, 2024]
- Quantum Computing and the Evolving Cyber Threat Landscape - The Soufan Center - November 16th, 2024 [November 16th, 2024]
- What is quantum computing and how might it impact financial services? - Lloyds Banking Group - November 16th, 2024 [November 16th, 2024]
- Quantum Computing to sell 16M shares at $2.50 in registered direct offering - TipRanks - November 16th, 2024 [November 16th, 2024]
- How 'clean' does a quantum computing test facility need to be? - Phys.org - November 14th, 2024 [November 14th, 2024]
- Quantum Computing Shares Are Up By More Than 70%: Here's What You Need To Know - Benzinga - November 14th, 2024 [November 14th, 2024]
- In step forward for quantum computing hardware, IU physicist uncovers novel behavior in quantum-driven superconductors - IU Newsroom - November 14th, 2024 [November 14th, 2024]
- Closing in on quantum computing with error mitigation - ComputerWeekly.com - November 14th, 2024 [November 14th, 2024]
- IQM unveils roadmap focused on fault-tolerant quantum computing by 2030 - Scientific Computing World - November 14th, 2024 [November 14th, 2024]
- Quantum Computing is Coming - Is the Insurance Industry Ready? - - Insurance Edge - November 14th, 2024 [November 14th, 2024]
- Could Diamonds Unlock Improved Qubits for Quantum Computing? - Securities.io - November 14th, 2024 [November 14th, 2024]
- Enterprise Quantum Computing Market on Track for 29.7% CAGR | Key Growth Drivers and Future Opportunities - openPR - November 14th, 2024 [November 14th, 2024]
- Equal1s Quantum Computing Breakthough with Arm Technology - Arm Newsroom - November 14th, 2024 [November 14th, 2024]
- Quantum Algorithms Institute Partners with AbaQus and InvestDEFY to Enhance Financial Forecasting with Quantum Computing - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- SemiQon and SDT Partner to Scale Quantum Computing with Silicon-Based QPUs - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- The CIO's quantum leap into the cloud: Integrating quantum computing into cloud infrastructure - ITPro - November 14th, 2024 [November 14th, 2024]
- Massachusetts Invests $5 Million in New Quantum Computing Facility in Holyoke - This Week In Worcester - November 14th, 2024 [November 14th, 2024]
- Hamad Bin Khalifa University and Quantinuum Partner to Advance Quantum Computing in Qatar - The Quantum Insider - November 14th, 2024 [November 14th, 2024]
- Hamad Bin Khalifa University Partners with Quantinuum to Boost Quantum Computing Research in Qatar - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- Singtel Expands Quantum-Safe Network with Palo Alto Networks and Fortinet Integration - Quantum Computing Report - November 14th, 2024 [November 14th, 2024]
- Quantum Computing Company to Part With General Counsel - Law.com - November 12th, 2024 [November 12th, 2024]
- Researchers from the University of Sydney demonstrate more effieicnt quantum error correction - Scientific Computing World - November 12th, 2024 [November 12th, 2024]
- Quantum computing will be the next big tech trend to have a major impact on marketing, says Citi CMO Alex Craddock - Business Insider - November 10th, 2024 [November 10th, 2024]
- A Look At The Official Opening of UKs National Quantum Computing Centre - The Quantum Insider - November 10th, 2024 [November 10th, 2024]
- IonQ Partners with imec to Advance Quantum Computing with Photonic Integrated Circuits and Chip-Scale Ion Traps - Quantum Computing Report - November 10th, 2024 [November 10th, 2024]
- BTQ Technologies and Macquarie University Partner to Drive Quantum Computing and Secure Communications - Quantum Computing Report - November 10th, 2024 [November 10th, 2024]
- IonQ to Acquire the Assets of Qubitekk to Strengthen Its Position in Quantum Networking Technology - Quantum Computing Report - November 10th, 2024 [November 10th, 2024]
- From nuclear to quantum computing, how Big Tech intends to power AI's insatiable thirst for energy - CNBC - November 10th, 2024 [November 10th, 2024]
- Quantum Computing and Critical Infrastructure - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- A Superconducting Waltz: Elia Strambini on the Quantum Future of Computing - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- Quantum computing and photonics discovery potentially shrinks critical parts by 1,000 times - Phys.org - October 16th, 2024 [October 16th, 2024]
- Nu Quantum Announces the Qubit-Photon Interface for Modular and Scalable Distributed Quantum Computing - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- How to Invest in Quantum Computing Companies (Updated 2024) - Investing News Network - October 16th, 2024 [October 16th, 2024]
- IBM pitches camp in Germany to prepare Quantum Computing for the real world - diginomica - October 16th, 2024 [October 16th, 2024]
- Purifications, Fidelity & the Future of Computing - The Quantum Insider - October 16th, 2024 [October 16th, 2024]
- Making quantum computing more accessible and applicable to real-world challenges - Scientific Computing World - October 16th, 2024 [October 16th, 2024]
- The future of quantum computing and cybersecurity in telecommunications - Telefnica - October 16th, 2024 [October 16th, 2024]
- Chinese Quantum Computing Threat Highlights Urgency for Quantum eMotion's Quantum Security Solutions - Newsfile - October 16th, 2024 [October 16th, 2024]
- Qunova Computing Achieves Chemical Accuracy in Quantum Chemistry Simulations with Innovative Hardware-Agnostic Algorithm on NISQ Devices - Quantum... - October 16th, 2024 [October 16th, 2024]
- Quantum Computing Transformed by Breakthrough Photonic Technology - SciTechDaily - October 12th, 2024 [October 12th, 2024]
- How Is Quantum Computing Being Used in Healthcare? - HealthTech Magazine - October 12th, 2024 [October 12th, 2024]
- IBM Quantum Roadmap Guide -- Scaling And Expanding The Usefulness of Quantum Computing - The Quantum Insider - October 12th, 2024 [October 12th, 2024]
- Toyota and Xanadu Partner to Bring Quantum Computing to Advanced Materials Science and Sensing Applications - The Quantum Insider - October 12th, 2024 [October 12th, 2024]
- 'Invisibility' and quantum computing tipped for physics Nobel - Yahoo! Voices - October 12th, 2024 [October 12th, 2024]
- Airbus Selects Multiverse Computing to Build Quantum-inspired Gesture Recognition Software For Fighter Pilots - The Quantum Insider - October 12th, 2024 [October 12th, 2024]
- From Legacy to Innovation: Banks' Path to Cloud, AI, and Quantum Computing - Finextra - October 12th, 2024 [October 12th, 2024]
- IBM Executive Stories: Bringing Useful Quantum Computing to the World - IBM - October 7th, 2024 [October 7th, 2024]
- Quantum Computing Market to Soar to $7.1B by 2031 with 30.7% CAGR - openPR - October 7th, 2024 [October 7th, 2024]
- Quantum Computing Market Is Going to Boom | Major Giants IBM, Google, Rigetti, Microsoft, Intel - openPR - October 7th, 2024 [October 7th, 2024]
- Will IBM's Focus on Quantum Computing Propel the Stock? - Yahoo Finance - October 7th, 2024 [October 7th, 2024]
- Nu Quantums Platform For Networking Quantum Computers Hosted at The UK's National Quantum Computing Centre - The Quantum Insider - October 7th, 2024 [October 7th, 2024]
- Quantum Computing for Real-world Applications with Professor Naoki Yamamoto of Keio University - The Quantum Insider - October 7th, 2024 [October 7th, 2024]
- University of Queensland (UQ) is Receiving $29 million AUD ($19.7M USD) in Funding for Quantum Research and Scholarships - Quantum Computing Report - October 7th, 2024 [October 7th, 2024]
- History of quantum computing: 12 key moments that shaped the future of computers - Livescience.com - October 3rd, 2024 [October 3rd, 2024]
- Quantum Sensors: Atom Interferometry. Part 3: Space is the Place - Quantum Computing Report - October 3rd, 2024 [October 3rd, 2024]
- D-Wave and Japan Tobacco Collaborate on a Quantum AI-Driven Drug Discovery Proof-of-Concept - Quantum Computing Report - October 3rd, 2024 [October 3rd, 2024]
- March-Ins on Quantum Computing is the Newest of Threats to Free Enterprise - ShortGo - October 3rd, 2024 [October 3rd, 2024]
- Quantum computing and the future of cryptography: Understanding the imminent threat - Backend News - October 3rd, 2024 [October 3rd, 2024]
- Quantum for AI: Weather Forecasting. Are we There Yet? - Quantum Computing Report - September 28th, 2024 [September 28th, 2024]
- US Implements Controls on Quantum Computing and other Technologies - HPCwire - September 28th, 2024 [September 28th, 2024]
- IBM opens its quantum-computing stack to third parties - Ars Technica - September 28th, 2024 [September 28th, 2024]
- G7 cyber group warns financial sector to prep for quantum computing risks - The Record from Recorded Future News - September 28th, 2024 [September 28th, 2024]
- IonQ Signs a $54.5 Million Contract with AFRL for Research in Both Quantum Computing and Quantum Networking - Quantum Computing Report - September 28th, 2024 [September 28th, 2024]
- Quantum computing what you need to know - Information Age - September 28th, 2024 [September 28th, 2024]
- AI and Quantum Computing Form Strong Bond to Power Materials Discovery Innovation -- SandboxAQ, EY Researchers Report - The Quantum Insider - September 28th, 2024 [September 28th, 2024]
- University of Iowa Technology Institute researcher secures nearly $1 million grant to advance quantum computing - Corridor Business - September 28th, 2024 [September 28th, 2024]
- Quantum Computing vs. Blockchain: Will It Break the System? - CCN.com - September 28th, 2024 [September 28th, 2024]
- The Pervasiveness of Machine Learning in Quantum Technology - Quantum Computing Report - September 28th, 2024 [September 28th, 2024]
- BlueQubit Launches Plugin for Pennylane to Enable Quantum Simulations on BlueQubits Platform - Quantum Computing Report - September 28th, 2024 [September 28th, 2024]