Initiative launched to spur investment into UK deep tech
The Royal Academy of Engineering and Imperial College London have launched a programme to increase venture capital investment into the UK’s deep tech sector.
Set for launch today (January 22, 2025) at RAEng by science minister Lord Vallance, the new Science and Technology Venture Capital Fellowship is a government-backed initiative designed to upskill investors’ knowledge and experience in the deep tech and life science sectors to stimulate investment.
“This new fellowship supports investors to make more informed choices about where they put their capital, opening up a wider pool of capital for new science and technology firms, and helping to harness R&D as a force for economic growth,” Lord Vallance said in a statement.
Today’s launch follows the publication of State of UK Deep Tech report of 2024 by the Royal Academy of Engineering Enterprise Hub.
It found that Britain has seen a slowdown in overall venture capital activity in deep tech since 2022, but sectors like healthcare and AI continue to drive significant deals.
The report highlights that the UK faces a shortage of investors with relevant expertise to understand the fundamentals and potential of deep tech startups.
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