1、State of UKDeep Tech202430304051022283031ForewordIntroductionIntel Ignite:The ProgrammesThe UK deep tech sectorPrivate and public investmentThe future of deep techMethodologyAbout2State of UK deep tech 2024ContentsThe United Nations Development Programme defines deep tech as“cutting-edge and often d
2、isrup-tive technologies built on profound scientific discoveries,engineering innovations,or research advance-ments with the potential to trans-form industries,economies,and lives.”This transformation is no longer hypothetical;it is happening here and now,driven by the UKs vi-brant and rapidly expand
3、ing deep tech sector.Deep tech founders are pioneers,venturing into unexplored territory with resilience and vision.There are over 5,800 active deep tech com-panies in the UK,many emerging from prestigious institutions in the Golden Triangle formed by London,Oxford,and Cambridge.With foun-dations in
4、 academia and research,these founders are driven by knowl-edge and purpose,applying unique insights to create technologies that will reshape our future.The influence of these startups is already evident.Since 2014,UK-Forewordbased deep tech companies have secured over 37.9b in equity fund-ing,with r
5、ecord-breaking levels achieved in recent years.In 2023 alone,the sector attracted 672m in grant funding across nearly 1,500 awards,reflecting strong support from both private investors and pub-lic bodies.Intel Ignites accelerator programme,which expanded to the UK in 2023,has further amplified this
6、momentum by supporting start-ups that have collectively raised over 134m in total funding to date.The potential impact of deep tech mirrors the seismic shifts of past innovations that once redefined society,from electricity to the internet.Today,we see similar groundbreaking work in artificial intel