We discuss how the National Science Foundation conducts investment evaluation for deeptech startups in this episode of the Propel(x) podcast.
Every year the National Science Foundation (NSF) invests over $200 million to help launch hard-tech startups. The government agency is often the “first money in” for deeptech companies. With a deep bench of academics and researchers to aid their evaluation, the NSF is able to evaluate cutting edge technologies to promote and support.
This episode features Ben Schrag, Senior Program Director for the SBIR/STTR programs. Topics include how the NSF looks for technology risk in their investment evaluation, and what steps the agency takes in supporting early commercialization for deeptech startups.
What is deeptech?
“A deeptech startup is a newly established business founded on breakthrough science or engineering. Swati Chaturvedi, CEO and founder of Propel(x), defined the term “deep technology” to identify new businesses on the cusp of momentous scientific and technological breakthroughs that will define the next century. “Deep” denotes the expansive potential of technological innovations to impact the world we live in. Comparable to deep learning and deep theorem, deep technology requires thorough testing to fully understand the humanitarian and business implications not obviously related to the underlying scientific breakthrough.”
Disclaimer: Propel(x) is a funding platform, not a Broker-Dealer. Securities are offered through Hubble Investments, member FINRA/SIPC and an affiliate of Propel(x). Private investments are highly illiquid and risky and are not suitable for all investors. Past performance is not indicative of future results. You should speak with your financial advisor, accountant, and/or attorney when evaluating private offerings. This is for informational purposes only. Neither Propel(x) nor Hubble Investments makes any recommendations or provides advice about investments.