THE FUTURE OF TODAY'S IMPRESE IS RELATED TO THE SUNDAY TECHNOLOGY
The key to a business’s survival, strategic development and the search for the competitive edge translates into two words: INNOVATION CONTINUE.
The ability of a business organisation to adapt to scientific innovations and emerging technologies is vital, as are the legal implications of this evolution.
P&S Legal has focused its expertise in the field of technology law within the four major areas of Science,enclosed in the acronym indicative of Emerging and Convergent Technologies : NBIC.
Nanotechnology and Nanosciences
Information (and Communication) Technologies and Sciences
C– Cognitive Neuroscience (Neurotechnology)
NBIC technologies have revealed an extraordinary potential for harmonisation of knowledge, capable of overcoming the fragmented nature of knowledge within individual sciences, in favour of a transdisciplinary approach capable of providing an overall knowledge of reality.
On the front Life Science, although the use of technology represents a well-established achievement in medicine, especially in the field of research, the real new frontier is that of their synergistic convergence, which has allowed new achievements both in the field of medical research rather than clinical practice, setting ethical standards (Bioethics, socio-economic implications (Bioeconomy) and legally relevant issues, unprecedented from the past (Bioright and Technoright).
P&S Legal professionals have holistic and cross-sector know-how, both in the legal and techno-scientific fields, and are therefore able to understand all the complexities, risks and opportunities of the sector, in particular companies in the DEEP TECH niche segment.
For example, some of the areas of emerging/convergingsciences and technologies, enabling technologies (KETs)that are being studied and applied by P&S,in which we offer technical and legal advice, management strategic support and training:
CYBER-LAW, INFO-TECHNOLOGIES, NEURO-TECHNOLOGIES
- Data Protection & Data Governance
- Cyber Security
- Computer Crimes
- ICT Contracting
- Web Reputation & Brand Management
- Blockchain & Smart Contract
- Technology Transfer
- Technology and labour law
- Cloud services
- Insurtech, Insurtech
- Internet of Things
- Quantum computing
- Mixed Reality / Augmented Reality / Virtual Reality
- Educational technology
- Incident response
- Robotics and Automation
- Artificial Intelligence and Machine Learning
- Neural networks
- Brain-computer interfaces
- Wearables, Implantables
NANOTECNOLOGIE AND BIOTECNOLOGIE
ADVANCED MANUFACTURING SYSTEMS
We offer legal support and analysis of r&D (research and development) risks of frontier techno-scientific sectors, economic-social-environmental impacts of:
- Big data
- Robotics and Automation
- Artificial Intelligence, Machine Learning
- Nanotech & Biotech
- High-Tech Healthcare
- Neurotech, Inc.
- Smart City & Smart Countryside, Urban Resilience
- Additive Manufacturing
- Aerospace, Spacetech
- Drones & UAV
- Precision Medicine
- Agrifood, Food
- Life Sciences, Which
Most current technology companies and startups are based on:
A) Business model innovation
B) Offline-Online transition of the business model, using existing technology.
The companies “DEEP TECH” instead:
1- Based on scientific discoveries or engineering innovations TANGIBILI (breaking innovation)
2- Mission: Trying to Solve The Big Global Challenges
3- Long-lasting positive outsourcing forhumanity
4-Breaking innovation with multi-market effects
5-Hidden value: deep tech’s deal flow is limited to a niche of connected operators
6-High financial risk: Long feedback-loop delays
(Investor – capital – startups – value , market , profits , refunds – Investor)
7-Incredible economic value for early investors in success
Typical segments of Deep Tech are Life Science (life sciences),agrifood, cleantech, Ict, advanced materials and manufacturing, medtech, spacetech.
Deep-tech innovations are at the crossroads between huge changes in demand, driven on the one hand by megatrends and global challenges (such as climate change, demographic changes, scarcity of resources, an ageing population , social problems) and techno-scientific progress on the other, with cross-cutting impacts on all industries.
In the last ten years, a strong wave of innovation based on digital platforms and apps that has become Synonymous with the technology industry:
on the contrary, investors and technology companies more technological exploration are looking instead for the next source of profound technological innovations (deep tech), which will fourth industrial revolution and probably the next ones.
Deep tech companies have a strong research base.
They create value by developing new solutions, not only by disrupting current business models.
As the technological frontier is advancing, Deep Tech companies face unique challenges in business strategy and development:
1. Long time-to-market (new technology takes long development times)
2. High capital intensity,extended product development periods and expensive infrastructure:
– Experimentation and prototyping often rely on specific and expensive equipment (e.g. a DNA sequencing machine) then unnecessary during development and scaling
– Testing and Scaling are much more expensive for developing hardware solutions than software
3. Technological risk and complexity: often low level of Technology Readiness Level (TRL) NASA’s measurement system for assessing the maturity level of a particular technology)
4. Commercial applications still to be developed
5. Lift-off slower and more expensive (compared to the start-up of digital startups):
-Strong research base
-large investment needs
–commercial application yet to be defined (e.g. blockchain developed as a technological solution for Bitcoin, then
for new markets, solutions not provided for by its original developers).
The role of consultants such as Knowledge Broker and Innovation Manager is fundamental:
recombination and manipulation of acquired knowledge, in addition to the understanding of the underlying social structures, in order to innovate by proposing new solutions (cross-innovation/cross-innovation).
Cross-innovation involves the transfer of existing general technologies, systems, concepts or principles, from one sector to another, in order to solve problems or answer questions experienced in this area. Sector.
This can be verified through technologies, patents, know-how and business models.
Thecross-innovation is a specific form of open innovation,which means that to take advantage of this approach, companies need to revisit their innovation processes to ensure that both internal and external ideas are taken into account in the development of new products, services and processes.
Passion for Science, Emerging technologies and the study of adaptations of law and economics to their advancements, make our professionals real transdisciplinary experts,who together with our engineering team is one of the fundamental guide to accompany Companies, Public Administrations, Research Bodies and Policy Makers in the extraordinary journey of innovation and change.