A Chat with Alan Banks, CEO at DeepTech Industry Association: TechWorks

Alan Banks

TechWorks is an industry association at the core of the UK DeepTech community with an ambition to harness the country’s fantastic engineering and innovation to develop our position as a global technology super-power.

Technology innovation has changed and is changing our world at an enormous rate creating new opportunities across all areas of industry and commerce. With this whirlwind of change comes huge political and societal changes, disrupting the established norms in all walks of life. DeepTech looks to solve these complex challenges by the use of technology and DeepTech is where the scientific discovery meets the engineering challenges to implement solutions.

TechWorks is a new type of industry association at the core of the UK deep tech community with an ambition to harness our fantastic engineering and innovation to develop the UK’s position as a global technology super-power.
Main - TechWorks

Why is TechWorks so important?

TechWorks has been formed in response to these changing dynamics. Our ambition is to significantly enhance the UK’s position as a leading node in the global technology development ecosystem. Our starting point is that deep technology development is critical to the UK’s future and yet we continue to wrestle with a lack of recognition and support to help achieve this ambition.

We need to address this starting from within our industry and several of the most successful technology business leaders in the UK have agreed to lend their support to help steer us towards this goal.

The UK tech sector is continuing to grow rapidly, and a lot of the leading tech solutions and innovations are being driven by the UK DeepTech sector. The UK now has over 96 Tech ‘unicorns’ (private companies valued at over $1bn), collectively worth £333bn, compared with just eight in 2010 and this growth is expected to continue as the nation continues to lead the way.

While Fintech has historically dominated the headlines in the UK tech sector, the DeepTech sector is starting to gain considerable recognition and market attention. This advanced tech revolution is the driving force behind key UK tech sectors and industries including Connected/Autonomous Vehicles, IoT and Cyber Security, and Medical Advances and many UK DeepTech companies are leading the way in helping solve global problems such as climate change, medical advancements, food shortages and alternative energy.

TechWorks is the only industry association in the UK that champions this vital industry. Our sole mission is to strengthen the UK’s deep tech capabilities as a global leader in future technologies.


How has the company evolved over the last couple of years?

TechWorks has continued to evolve and develop as an organisation since our launch in 1996 as the National Microelectronics Institute (NMI) and our rebranding to TechWorks in 2017.

We have also continued to strengthen our communities at TechWorks. Since our launch, we built a novel membership model based on a series of Connected Communities. Over the last couple of years, these communities have continued to grow especially during the pandemic, helping serve specific groups’ interests whilst simultaneously remaining connected to a wider ecosystem, enabling cross-domain connections, and working on common challenges.

Our networks serve the Semiconductor industry (NMI & TechNES), Automotive Electronics (AESIN), Power Electronics (PEUK) and the IOT Cyber Security industry with its security foundation (IOTSF) We run detailed Significant Interest groups and workshops as a well as annual network conferences, this includes the popular annual TechWorks Summit and gala dinner.

We also run several our own events including the TechWorks Awards. This continues to grow in popularity providing a fantastic showcase for excellence in the fast-paced DeepTech industry. Alongside our events, we have become heavily involved in working closely with our members and partners.

What can we hope to see from TechWorks in the future?

The UK is starting to become a breeding ground for DeepTech companies that are leading their fields with their innovative advanced tech solutions. The UK must now fortify its position as a leading player in the global Tech Industry and I believe that we can play a crucial part in this.

We aim to continue expanding our reach and communities, supporting the DeepTech industry, and ensuring it remains a global leader as the sector continues to grow.

We are currently working on several new collaborative networks and the next one to launch will be the UX/UI community which will focus on the design and implementation of complex human machine interfaces as technology evolves and requires more understanding of how human beings interact with technology and the experiences they receive and desire from it.
The TechWorks Awards are taking place this December celebrating achievements & behaviours conducive to a healthy and vibrant industry.

This year, the awards are split into three main categories and are designed to suit individuals, companies and organisation across the entire tech industry. They have historically attracted an impressive number of entries showcasing some amazing tech propositions. The 2022 Categories feature a strong range of awards from Automotive, Manufacturing and IoT to Research Excellence.