Chip maker Arm co-founds Deep Tech Accelerator in Cambridge – NBC 5 Dallas Fort Worth

Widely recognized as the “crown” of the UK tech industry, Arm has co-founded an accelerator known as the Deep Tech Lab with Cambridge University, private equity investor Cambridge Innovation Capital, and venture Martlet Capital. So-called deep tech companies aim to create new intellectual property by breaking down the technological foundations to solve complex problems. While most of the UK tech companies are based in London, Cambridge has created some of the country’s most innovative companies that are attracting the attention of US tech companies.

Arm, a London UK chip designer, co-founded a new startup accelerator in Cambridge, UK, to help young “deep tech” companies grow into the next generation of tech giants.

Widely recognized as the “crown” of the UK tech industry, Arm has co-founded an accelerator known as the Deep Tech Lab with Cambridge University, private equity investor Cambridge Innovation Capital, and venture Martlet Capital.

So-called deep tech companies aim to create new intellectual property by breaking down the technological foundations to solve complex problems.

In a statement, Arm’s vice president of corporate development, Adam Bastin, said that Cambridge has been a “significant hub of talent, creativity and innovation since the early days of Arm in a barn on the outskirts of the city in the early 1980s. Continues to be. “

“We are pleased to co-found DeepTech Labs to support next-generation technology companies that are transforming games by providing access to the world-class Cambridge Technology Ecosystem.

Deeptech Labs offers start-ups 350,000 ($ 495,000), three months of access to development programs, and networking opportunities, typically in exchange for a 5% to 20% stake.

Miles Kirby, CEO of Deeptech Labs, told CNBC on Friday: business. “

He added: “I see many companies failing in the series A stage from seed, which means they can’t find the right market fit or the right business model. Because. We are really helping. To deal with it. “

Kirby, who worked for Qualcomm for 18 years, said Deeptech Labs surveyed about 900 companies as the first cohort and chose five companies: AutoFill, BKwai, Circuit Mind, Contilio and Mindtech.

Circuit Mind, for example, aims to build a platform that allows engineers to design circuit boards in just a few hours with the help of AI software. Contilio, meanwhile, is working on a 3D analytics platform that will help the construction industry understand, predict and deliver. Make complex construction projects cheaper, faster and more sustainable.

London is home to most of the UK’s tech companies, but Cambridge has spawned some of the country’s most innovative companies that have caught the attention of U.S. tech companies: Apple to improve Siri in 2015. Acquired VocalIQ, a voice tech company. The city is also home to fast-growing start-ups such as Darktrace and a number of Amazon and Microsoft research labs.

There are dozens of technology accelerators around the world. Y Combinator, the birthplace of Airbnb, Stripe, and Reddit, is probably the most famous, but many major tech companies such as Google, Facebook, and Microsoft have similar ventures. While the benefits are clear to the founders, some wonder if entrepreneurs should sacrifice their stock or do it alone.

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