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Industrial Technology’s Future Is Taking Shape. VCs Are Missing Out

The battle to dominate industrial technology is ramping up as government intervention in economies becomes far more prevalent. Investors — once enamored of asset-light firms and high returns — better be prepared to put in billions of dollars towards this, or risk being crowded out.

This isn’t just a reaction to the fallout from Russia’s war in Ukraine and geopolitical tensions between the US and China. The past two years of goods shortages and labor shocks have exposed weak and clunky supply chains across the globe. To ensure we don’t end up there again, governments are bolstering their multi-billion dollar industrial policies to incubate the next generation of hardware, including chips, 5G base stations, electric vehicles, batteries and high-tech machinery and systems.

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