It is not often #deeptech companies grab non-tech news headlines, today Nyobolt got plenty. And yes, they can do 0-100pc in sub 6 mins and these batteries are not just -or even foremost- for consumer EVs, but also robots, industrial equipment and tools. https://lnkd.in/eqEpzzcm
Impressive!
Exciting stuff!
Proud for IQ Capital Ed Stacey to have worked with Foundries.io since Ser A and great to see another exit in 2024 - looks like tech M&A is starting to pick up again.
Delighted to announce the acquisition of our portfolio company Foundries.io by Qualcomm. Founders George Grey and Ian Drew recognised early the growing gap in embedded systems cybersecurity and so built the Foundries platform to offer a radically more robust yet flexible approach to Linux security. Great to see Qualcomm recognising the value of the platform and the opportunity to scale up this approach. Massive congralulations to the whole Foundries team who we've been proud to work with since leading the Series A. H/t Krishna, Alex, Ed Stacey! https://lnkd.in/eHahCf2b
Wolfson College Grand Finale is today!
Join us at 2024 Wolfson Entrepreneurship Competition Final on March 17 and hear about innovative business ideas from around the world. Eighteen groups of entrepreneurs, all linked to the University of Cambridge, will pitch to be this year's winner. https://lnkd.in/eddE6gze
Sadly, in some capital intensive areas EU still finds it too hard to compete. Five AI https://lnkd.in/e2UDqZeT
A lot of criticism of Softbank/VisionFund over the last few years.. Lots of their big bets have of course gone pear-shaped; ironic that one of the very few #deeptech deals they did, ARM, is now worth more than $110B. And - this is net of $4.7B they have already realised at IPO.. Of course not 'liquid' as they hold 90%+/in lock-up and can change with market sentiment - yet.. it is not just proof UK/Europe can indeed grow $100B+ deeptech companies - but also just how far correct deeptech thesis can go.
Great to share thoughts on the successes and challenges of the European #deeptech ecosystem and see the Nordic #deeptech developing so well!
What’s the State of Deeptech in Europe? At the Investor Day at GoWest - Nordic Venture Capital Forum extremely interesting discussions by Rodrigo Ferreira at Vinthera, Max Bautin at IQ Capital, Rick (Jingchun) H. at Speedinvest and Karl-Christian Agerup at NATO Innovation Fund (NIF), regarding the needs in the field and how investors can achieve great exits.
“Broadly, they find that scientific breakthroughs from public institutions “elicit little or no response from established corporations” over a number of years. A boffin in a university lab might publish brilliant paper after brilliant paper, pushing the frontier of a discipline. Often, however, this has no impact on corporations’ own publications, their patents or the number of scientists that they employ, with life sciences being the exception. And this, in turn, points to a small impact on economy-wide productivity.” The methodology seems to be completely missing the impact of spin-off companies (generating billions for the universities and the public purse through taxes, jobs, multiplier in economy etc), or indeed even direct licensing to the corporates 🤦
Deeptech VC @ IQ Capital | Investing Seed & Ser A UK/EU
2whttps://www.telegraph.co.uk/business/2024/06/28/electric-car-charges-five-minutes-nyobolt/