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WELCOME TO THE CURATED SHORT AND SIMPLE ONE-BITE-SIZE MINUTE CONTENTS FROM YELLOWBLOCKS CONTRIBUTORS!

DEEP TECH ECOSYSTEM IN VIETNAM: THE SHIFT HAS JUST BEGUN!21 July

DEEP TECH ECOSYSTEM IN VIETNAM: THE SHIFT HAS JUST BEGUN!

Vietnam Deeptech Ecosystem Meetup – hosted by YellowBlocks and SGInnovate is coming closer. 
Hence, let’s take a sneak peek at this one-minute bite size about deeptech 101 and how collaborations from key stakeholders could uplift the growth of deeptech ecosystem in Vietnam.

1. DEFINING DEEP TECH

what-is-deeptech

Beyond the familiar definition of “tech” which now designates web platforms and mobile apps, Deeptech is Innovation based on a scientific or technological breakthrough. Deeptech lie at the crossroads of massive shifts in demand led by megatrends (such as global climate change, demographic shifts, resource scarcity, and an aging population) and scientific progress (such as the discovery of the CRISPR-Cas microbial adaptive immune system). Deeptech technologies address big societal and environmental challenges and will likely shape the way we solve some of the most pressing global problems.

Advanced materials, Artificial intelligence, Biotechnology, Blockchain, Drones and robotics, Photonics and electronics, Quantum computing are some so-call technologies are listed in the deeptech category.

2. DEEP TECH, ABCD TECH, EMERGING TECH?

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ABCD Tech and Deep Tech are the two tech terms that can make us confused sometimes. So, what are differences?

ABCD Tech means Artificial intelligence, Blockchain, Cloud and Data (big or small). It’s simple and clear, as the name.
Deep technology on the other hand, is disruptive technologies based on scientific discoveries, engineering, mathematics, physics and medicine. Deep tech also includes, among other things, artificial intelligence, deep learning and machine learning.
Deep tech companies are using the emerging tech, IoT, and other things as the infrastructure to built on tangible scientific discoveries or engineering innovations solve big issues that really affect the world.

? An article about deep tech on Startupbusiness.it: http://bit.ly/deeptech-startupbusiness

3. CHALLENGES FOR DEEP TECH COMPANIES?

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Because they are advancing the technological frontier, they face unique challenges are time to market, capital intensity, and technology risk and complexity.

However, the good news is Growth in global private investment in deep tech from 2015 through 2018 increase 20% per year. Deep tech companies consistently receive more funding than other kinds of tech firms.

4. DEEPTECH MOVEMENTS AROUND THE WORLD

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Investors and corporate have already started to move toward deep tech. 
– Google created Google Life Sciences, now known as Verily. 
– Google, Facebook, Amazon, IBM, and Microsoft created a partnership in AI research. 
– Apple, Google, Uber is implementing its driverless car services.
– Facebook is also investing in Artificial Intelligence, drones and virtual reality.

5. DEEP TECH ECOSYSTEM IN VIETNAM: THE SHIFT HAS JUST BEGUN!

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The collaborations from key stakeholders in ecosystems as universities, the public sector, business angels, venture capitalists and corporates have crucial roles for a well-functioning deep tech innovation ecosystem.

Recently, we see a shifting role for governments – Vietnam Government have emphasized that Science, Technology, and Innovation as a Pillar for Socio-Economic Development in Vietnam and pushed forward to adjust the national legal framework to boost wide applications of latest technologies.

And, YellowBlock is a gateway to connect all the key stakeholders in deeptech ecosystem in Vietnam and in SEA.

6. UPCOMING ACTIVITIES ABOUT DEEPTECH / EMERGING TECH

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Join us for the upcoming activities and events about Deeptech / Emerging Tech!

?July 11 – Invincible Summer in Vietnam with Harmony, Tomochain & Contenos
https://www.facebook.com/events/696253534143583/

?July 18 – Vietnam Deep Tech Ecosystem Meetup
https://www.facebook.com/events/2351521231566738/

?July 19 – YellowBlocks Emerging Tech Elite Cruise 2019
https://www.facebook.com/events/469424227193949/

?August 15 – Bloconomic Expo 2019
https://www.facebook.com/events/567231120452397/

Sources: ‘From Tech to Deep Tech’ & ‘The Dawn of the Deep Tech Ecosystem’ by Hello Tomorrow and The Boston Consulting Group (BCG)

Categories: 1-minute bite size

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