Cambridge, UK – 30 November, 2023 – Cambridge Future Tech (CFT), the uniquely tech-first venture builder, is excited to announce the initial close of its recent funding round, raising over $3 million, marking a significant development in its ongoing expansion. Since Cambridge Future Tech’s launch in 2022 it has crafted a pioneering portfolio of nine DeepTech ventures […]
For many of us in the tech sector the allure of Silicon Valley is tangible. It is the heart of the venture capital ecosystem and the home of many of the most successful technology companies worldwide. Silicon Valley Bank (“SVB”) fulfilled a core function within Silicon Valley: managing the money that underpinned these successes. An unexciting, and yet fundamental role.
Company: Neuro XR
Location: Cambridge and Hybrid
TRL stands for ‘Technology Readiness Level’, and it is a widely used measurement system designed to make an educated evaluation of the maturity level of a particular technology (TWI). This is especially vital during the acquisition phase of a technology, allowing engineers to have a consistent datum of reference for understanding technological evolution, regardless of their technical background.
The fundamental focus of deep tech is to pioneer new solutions that solve society’s biggest issues – this applies to everything from chronic disease, climate change, clean energy and food production (Medium). This kind of enabling power is certainly very profound and has the potential to bring about real change in the world.
The founder’s dilemma often stems from the ‘why’:
“What was the motivation behind your startup?”
“What is the end goal?”
“What made you do X, and why did you choose Y?”
It’s hard to go a week without hearing about the ever-growing necessity to secure a green future. The term ‘green technology’ has started to pop up with more frequency, but what exactly is green technology, and why is it important? Above all, what does green technology look like, and how can it be applied to the world around us?
2022 already holds a vast amount of potential for deep tech. We’ve already felt the positive outcomes from the surges of innovation that have been taking place in artificial intelligence (AI), synthetic biology, nanotechnologies, and quantum computing, among other advanced technologies (Source, BCG, 2021).
A Pioneering Pathway for Deep Tech Innovation in the UK, Aided by an Expanded Strategic Partnership
Cambridge Future Tech (CFT) announces the close of its latest funding round to rapidly scale its innovative deep tech venture platform, accessing novel and disruptive technologies from a host of UK-based universities. A number of investors from around the world participated in the seed round, including US-based Vest Coast Capital.