European deep tech startups are heading towards scaling up. As per The State of European Tech report, the tech industry is growing almost five times faster than other industries and has added gross value to the economy.
Deep tech focuses on technologies including Artificial Intelligence, Augmented Reality, autonomous vehicles, robotics, big data, Virtual Reality and more. Startups across industries including fintech, hardware, e-commerce, medtech, life sciences, etc. use these technologies. When it comes to healthcare and medtech, technology is used to treat ailments relatively easier and come up with numerous advancements in the field.