Deep Tech Lab
Deep Tech Lab — Quantum is a new initiative from BioInnovation Institute (BII) in Copenhagen to leverage Denmark’s world-leading research in quantum physics with BII’s recognized excellence in creating, fostering, and maturing start-up and spin-out companies within another Deep Tech field: Life Science.
We will support early-stage companies based on quantum and quantum-enabling technologies with programs tailored for this field and with the same goal of ensuring that they too can realize their full commercial potential.
Located at the confluence of science and engineering, deep technologies leverage scientific insights to realize improved solutions and radically new capabilities.
Quantum technologies, and in particular quantum computing, have the potential to revolutionize both entire industries and society in general: it is anticipated that quantum computing will make it possible to develop insights into and viable solutions for some of the most intractable sustainability and climate-related challenges facing the planet.
Deep Tech Lab — Quantum's vision is to support world-class innovation based on quantum information science that drives the development of new solutions by early-stage start-ups for the benefit of people and society.
Our mission is to incubate world-class quantum information science and catalyze the commercialization of new solutions through start-ups by using our knowledge, network, funding, and infrastructure.
At Deep Tech Lab — Quantum, we will drive innovation within quantum technologies by supporting early-stage startups.
Our tailored programs will focus on developing interdisciplinary teams, identifying and developing the most promising business case(s), and determining the most suitable technology development pathways for commercial viability and company growth. The first acceleration program will be run as an affiliated member of DIANA's Challenge Program, starting in the Fall of 2023.
DIANA is short for The Defence Innovation Accelerator for the North Atlantic (DIANA). Read more on the DIANA accelerator network: DIANA | Home (nato.int) You can find an overview of the European DIANA test centers here, including the I-Hub innovation Center at Imperial College in the UK.
Yes, both Danish and international start-ups will be taken into consideration. In DIANA regi though, only from the NATO member states.
Increased computing power will positively impact life sciences in various ways. It will, for example, make it easier to mathematically calculate conformations and quantum interactions in molecular systems, which paves the way for a significant acceleration in developing new drugs. Moreover, as Quantum computing can process a variety of data from several sources and make granular risk predictions, it can have a huge impact on the application of human healthcare data, diagnostics, and precision medicine, which could subsequently impact drug & treatment pricing. From a sustainability perspective, increased computing power is essential for optimizing energy systems. Optimized energy systems should be capable of channelizing green energy production to those places with the most significant energy demand. Optimizing processes and making them more energy-efficient can also decrease the overall energy usage of computing power. At the same time, computing power will help in the overall understanding of bio-based energy production.
There is already significant interest from long-term investors in this area, and BII aims to build a strong network of investors that can further strengthen the development of a robust innovation environment in quantum technologies. NATO recently announced a €1B NATO Innovation Fund, which could provide deep tech start-ups with investment opportunities. Read more here: NATO - News: NATO launches Innovation Fund, 30-Jun.-2022 Other investors in quantum technology have included big tech companies, major tech VC's, dedicated Deep Tech VCs, and several government funds across the world.
A Deep Tech accelerator program is different from other types of accelerator programs in a few key ways. It focuses on start-ups that are developing advanced technologies that require significant expertise and investment to develop. These programs often have a longer and more complex development process, require specialized mentors and experts, and are focused on creating disruptive innovations that have the potential to transform entire industries. In contrast, other types of accelerator programs may focus on a broader range of start-ups and have shorter-term goals.
BioInnovation Institute (BII) accelerates world-class life science start-up innovation to bring forward products and services that benefit people and society. As a non-profit institute, BII operates the company creation programs Bio Studio and the company acceleration programs Venture Lab and Venture House. In all programs, BII supports planetary and human health start-ups with knowledge, network, infrastructure and funding. We empower early-stage start-ups to succeed and believe in the transformative power of life science innovation. Read more on www.bii.dk