Deeptech goes nationwide with Conception X

The University of Edinburgh is to be part of a UK-wide network to support deeptech start-ups.

Barclays Eagle Labs have funded Conception X, a PhD deeptech venture programme, with support from the Department for Science, Innovation, and Technology.

Riam Kanso, Conception X Founder and CEO, said: “The funding will amplify our impact on the UK deeptech ecosystem, supporting collaboration across five regions to discover and build the next generation of deeptech startups through hyperlocal interventions.”

Deeptech applies to start-ups whose business model is based on high tech innovation in engineering, or significant scientific advances.

Jarmo Eskelinen, Director of the University of Edinburgh’s Data-Driven Innovation initaitive, said: “On behalf of the University, the DDI initiative is delighted to be involved in this nationwide network, and we look forward to working with Riam and the rest of the Conception X team to make a real difference to Scotland’s deeptech commercialisation ecosystem.”

Other universities involved include Bristol, Leicester, Liverpool, and Newcastle. Each will host events and activities to support the creation of deeptech start-ups. All universities involved have strong track records of fostering innovation and tech ecosystems – attracting investment and supporting spin-outs.

The news comes following the recent announcement that Edinburgh is to host the UK’s first Exascale supercomputer.

Minister for Tech and Digital Economy, Paul Scully, said: “Start ups involved in Conception X’s five-region collaboration are poised to redefine the cutting edge of deeptech innovation in the UK.”

It is hoped that breakthrough technologies will emerge with potential to influence industries, societies, and economies globally, and elevate the UK’s reputation as a global destination for research-led innovation.