site.btaLatticeFlow AI CEO: Eastern Europe Is Not Part of the Deep Tech Ecosystem

Dr. Petar Tsankov, CEO and co-founder of the technology company LatticeFlow AI, shared his regret that Bulgaria and Eastern Europe are currently not part of the deep technology ecosystem. “I am not saying we are doing badly, we are just not participating in this economy,” Tsankov said on Friday at a panel discussion on competition in the high-tech economy on the final, third day of the Green Transition Forum 4.0: New Global Perspectives for the CEE Region, which is organized by Dir.bg and 3E-news, with BTA as media partner.

According to him, the challenge for the region is related to the shortage of research institutes, which is the reason for the lack of such companies. “If we want to achieve great results, we need to invest in the best scientists and the most advanced science and scientific achievements,” Tsankov added.

He pointed out that the companies working in this segment are startups that are tackling difficult, new problems related to technology, and what unites them is the latest advances in science and solving previously unsolvable problems. These are companies, he said, that are very quickly achieving huge turnovers and profits, but they are justified because of what they do.

He talked about his journey into deep tech, which started from science, to which he has dedicated more than ten years, went through participating in building one of the first security and safety systems using artificial intelligence, and ended up creating two companies. The recipe for creating companies in the deep tech sector is to have access to advanced science first, and then create a company, Tsankov said, adding that other high-tech ecosystems function the same way.