But Europe offers great value in other areas of deeptech.

“If you look at topics like AI and how much the US and China are investing in these, Europe is an order of magnitude behind,” says Ingo Ramesohl, managing director of Robert Bosch Venture Capital, one of Europe’s oldest and most successful corporate venture funds.

RBVC is to some extent helping to redress this balance, with investments into companies like Budapest-based self-driving car startup AImotive, and Prophesee, the French neuromorphic vision systems startup, but Europe’s biggest strengths may be in other areas of deeptech, says Ramesohl.

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