, /PRNewswire/ -- A new paper published today argues that important advancements in health, telecommunication, mobility and other areas risk being hindered if visionary founders are not able to access the necessary funding for their ventures. 'Debt as Catalyst – Making Hard Tech Less Hard' is published by , a division of and a provider of growth capital to startups across multiple sectors and life stages. The paper highlights the role of 'hard tech' ventures in solving many of the world's most pressing challenges, with hard tech defined as "technology that requires big breakthroughs and has a high barrier of entry".
It argues that the success of these businesses has the potential to lead to major advances in global connectivity, health outcomes, transportation, food security, sustainability and other areas. , the Chairman and CEO of ATEL Capital Group who along with ATEL's COO founded ATEL Ventures 25 years ago, says: "The startups with the most potential to have a lasting, beneficial impact on society are the very ones that struggle the most to get off the ground. Whether they are building satellites with the power to bring the world's two billion unconnected citizens online, or developing new therapeutics to treat previously untreatable conditions, their work is both time- and capital-intensive; and many investors currently lack the appetite for that level of long-term risk.
" The run on Silicon Valley Bank led to a sharp decline in the venture debt market, and while Deloi.