HighTechXL

HighTechXL is a deep-tech venture builder, located in Eindhoven, the Netherlands. HighTechXL was established in 2014-15 on the High Tech Campus Eindhoven.[1][2] HighTechXL is supported by the Eindhoven Startup Alliance, a dedicated partnership including ASML, Philips, Ernst & Young, NTS, ABN Amro and several other stakeholders. For example, Peter Wennink (CEO of ASML) said in 2015: “In its turbulent early years, ASML experienced first-hand how important a support system is for a young company. Supporting HighTechXL is our way of giving back to the community. In addition, we have the experience that these young companies can contribute: startups are a great source of ideas. Strengthening the high-tech hardware ecosystem, finally, is in our interest because we rely on a network of innovative suppliers and technology partners to continue our technology leadership.”[3]

The initial set-up of HighTechXL was to recruit and select startup teams that already have a promising technology with the potential to grow into a successful business, and support these teams with various resources.[4] At a later stage, CERN, European Space Agency and other research institutes invited HighTechXL to build ventures from their high-tech inventions.[5][6] HighTechXL thus adapted its approach so that it could also start with a new (typically patented) technology, to subsequently build a team and support this team in developing the venture.[7] In a report by Perception Box, HighTechXL is ranked in the top five of startup accelerators worldwide.[8] In 2022, the HighTechXL team also helped create a new venture capital fund focused on deep-tech ventures, called DeepTechXL.[9]

See also

References

  1. ^ Lomas, N., "Europe-based hardware accelerator, High Tech XL, targets IoT, robotics, graphene, med-tech & more", Techcrunch.com, August 21, 2013.
  2. ^ Romme, A.G.L., Bell, J. & Frericks, G. (2023), "Designing a deep-tech venture builder to address grand challenges and overcome the valley of death", Journal of Organization Design. https://doi.org/10.1007/s41469-023-00144-y
  3. ^ De Vocht, H., "Eindhoven Startup Alliance", blog, May 25, 2015.
  4. ^ Romme, Bell & Frericks (2023), ibid.
  5. ^ Cornelissen, A., "HighTechXL launches ESA space technology on the market", Innovationorigins.com, February 10, 2020.
  6. ^ Abbrescia, M. et al., "Supersensitive multipurpose/multifunctional avalanche gaseous detectors for environmental, hazard, intrusion systems (SMART)", paper presented at ATTRACT meeting, November, 2020.
  7. ^ Tieke, B., "The value of corporates working with startups: Lessons and opportunities in developing high-tech businesses with the HighTechXL startup accelerator", blog on Philips.com, 2017.
  8. ^ Perception Box, "Our international top five list of startup accelerators."
  9. ^ Dutch government, "Deep-tech fund for knowledge-intensive start- and scale-ups launched", press announcement, 10 March 2022.

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