European Deep Tech Report 2023 reveals that Finland has positioned itself as one the deep tech leaders in Europe during the recent years. Emblematically, European deep tech successes have their roots in academia and based on the report, Aalto University was the best Nordic university and overall 13th among European universities creating most Deep Tech spinout value.
The report, curated by Dealroom, states that 25% of all venture capital investments in Finland went to deep tech startups during the last five year. The technology segments where Finland is among the top 4 countries attracting most VC investments are future of computing (quantum computing) and space tech – both deep tech hot spots we are extremely proud to see flourishing at Espoo. As the report shows, despite startups difficulties to raise funding recently, 2023 deep tech funding is on par with 2022, while the rest of European tech is significantly down, showing positive signs for deep tech focused ecosystems.