01/03/2023
In one of our previous posts, we shared a list of the most crucial technologies, as per the World Economic Forum's data.
Today, we're excited to bring you an updated version of the same report, this time focusing on top five 💪 high-innovation economies.
After attending meetups organized by various venture capitalists in Tel Aviv, Berlin, and London, we found a common theme among investors. They're on the lookout for companies with big ideas, projected EV over $1 billion, and operating in markets with at least a $3 billion market volume. The speakers at these meetups emphasized their interest in investing in AI, health and wellness, and fintech-related products, which aligns with the data presented in the accompanying picture.
However, we were surprised to find that there was little discussion about IT solutions for climate change, power supply, and sustainable technologies. The reason for this is simple: these niches require a change in consumer behavior, whether they are businesses or private presons. Selling products that require a change in behavior and do not cater to existing habits can be challenging and often hard to scale, making them less attractive to investors.
Nevertheless, their strategic importance cannot be understated. We strongly believe that startups in these areas should be sponsored at a strategic level by world-leading R&D scientific centers, visionary leaders, and government authorities. With their support, these startups can tackle some of the world's most pressing issues and create lasting impact🌿💦
