More public support is needed for launching companies based on technological innovation, the European Association of Research and Technology Organisations has said.
‘Deep-tech’ startups—businesses based on technologies that are hard to reproduce and often protected by intellectual property—need more public support prior to their establishment as independent companies by RTOs, Earto said in a paper published last week.
“It is not in RTOs’ core business to sustain a pool of entrepreneurs or to have a commercial strategy. We believe public authorities could play a role to support this type of activity which help to make innovations investment-ready,” the paper said.
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