infoShare '18 flashback: How science will save the world? Watch Seth Bannon’s speech at Inspire Stage
Decreasing production costs, access to qualified scientific staff and the ability to protect the property rights of the invented technology – these are just a few of the advantages of investing in deep tech. Effect? The best possible – solving the world's biggest problems.
Churchill predicted the development of technology
Winston Churchill, former Prime Minister of the United Kingdom, predicted the rapid development of science and its great importance in dealing with the world's largest problems. The Fifty Years Hence was published in 1941. Although at the time it could seem to be purely a visionary outlook and an abstraction, today it is interpreted as a successful attempt to predict the direction in which the world of new technologies will proceed. We are talking about the creation of synthetic biology, nuclear energy, cellular telephony or genetic engineering, but not only. Churchill also stressed how the attitude towards our duties influences the formation of the surrounding world. Today, we closely observe the emerging attitudes of successive generations, such as Millennials, who want to believe in the deep meaning of their work.
We have known for a long time that technology can save the world
Winston Churchill used the symbolism by which he called for the fight against the greatest enemies. Contemporary interpretation allows to conclude that he did not mean confrontation on battlefields, but... in laboratories. Engineers developing new technological solutions are responsible for the fate of the world in the fight against the dynamically changing climate, malnutrition or civilization diseases. These issues are responsible for more victims each year than military action.
Deep tech a step ahead of innovation
What is deep tech? This concept covers groundbreaking discoveries in engineering and science that redefine the world with a huge impact on industry and life. They solve dire problems that have been difficult to solve so far. Importantly, while innovative companies usually use already known and available technologies, companies in the deep tech segment develop entirely new, revolutionary processes. They are worth investing in due to, among others, rapidly decreasing production costs and qualified scientific staff.
Which problems are the biggest?
To decide on the direction of development of a particular company and technology, the most important problems should be indicated. Fifty Years, the fund co-founded by Seth Bannon, creates an original list of the world's biggest problems. Based on it, the best-performing companies with the potential to change the world reach the VC portfolio. You can hear about these companies in Seth's speech at infoShare 2018!
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