Igniting Innovation: The 2024 State of UK Deep Tech Report
The UK’s deep tech sector is in a transformative phase, powered by groundbreaking advancements in AI, quantum computing, robotics, and CleanTech. According to the 2024 State of UK Deep Tech report, created in partnership with Intel Ignite and Beauhurst, the sector has grown to encompass over 5,800 companies, raising £37.9 billion in equity funding since 2014. Intel Ignite’s accelerator program is a pivotal force behind this growth, nurturing 216 deep tech startups globally, with over £134 million raised collectively by its UK cohorts.
The report discusses the factors behind the ecosystem’s resilience, and the importance of the Golden Triangle – London, Oxford, and Cambridge – as an epicenter of innovation. With record-breaking grant funding in 2023 and substantial equity investments, deep tech companies are addressing critical global challenges like climate change and energy efficiency. Intel Ignite continues to empower startups with mentorship, strategic guidance, and access to a robust global network, helping them bridge the gap between innovation and commercialization.
Explore the full 2024 State of UK Deep Tech report to uncover emerging trends, regional insights, and the impact of Intel Ignite’s accelerator program. Together, we are shaping a future where transformative technologies redefine industries and drive sustainable growth.
Download the report here.
