Deeptech Labs, the VC accelerator for post-Seed, pre-Series A deeptech companies has opened submissions for its third cohort.
Deeptech Labs is a £50 million VC fund and accelerator programme, founded in 2020 by ARM, Cambridge Innovation Capital, Martlet Capital, Ewan Kirk and the University of Cambridge, encompassing world-renowned deep tech investors and industry leaders.
Companies accepted onto the Spring 2022 cohort will go through a structured and bespoke 13 week accelerator programme. This is designed to provide an environment in which to translate deep technology into a compelling product and successful company. Facilitating connections with their powerful network of more than 50 world-leading deeptech entrepreneurs, technology experts and investors.
At the end of the programme, Deeptech labs holds a Demo Day connecting the founders with over 50 investors and VCs to showcase their companies and build their fundraising networks. Alongside the accelerator programme, Deeptech labs also invests in each of its cohort companies through its venture capital fund. The fund is committed to investing in diverse teams, with Deeptech Labs cohort founders to date being 60% Black and Multi-ethnic and 40% Female – significantly higher than the UK VC industry average (1.7% Black and Multi-ethnic and 4% female.)
While headquartered in Cambridge – recently named by the UK government as the UK’s top regional tech hub – the accelerator programme has been delivered remotely from the outset due to the pandemic, which has proved to be a successful model and has enabled Deeptech Labs to attract early-stage deeptech companies from around the UK and Europe.
Miles Kirby, CEO Deeptech Labs said, “Early-stage deep tech companies are different and typically spend longer in the R&D phase. Once the technology is proven, the challenge then is to translate their technology into a commercial and viable business and product. This means they need bespoke support, specialist advice and access to more specific capital than traditional start-ups.
Founders; ARM, University of Cambridge, Martlet, Ewan Kirk and Cambridge Innovation Capital identified the need for a VC and accelerator programme that was specifically designed for deep tech entrepreneurs. Deeptech Labs alumni are testament to our programme’s ability to catalyse deeptech success. We’re excited to open submissions for our Spring 2022 programme and to meet our next cohort of deeptech founders.”
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