# Description of Sectors

**A. Fintech**

This sector deals with the application of modern technology to improve financial services. The aim of these technologies usually is to provide products/services that are more transparent, efficient, user-friendly and automated then currently available solutions.  \
\
Popular areas in fintech today include :

1. Cryptocurrency and Blockchain
2. Regulatory technology (regtech) to help firms meet financial compliance rules
3. Insurtech
4. Open banking
5. Platforms for automated investment advice (Robo-advisors)

**B. Edutech**

This sector deals with the use of technology in the field of education to facilitate and improve the process of learning. The sector will be responsible for the new form of learning architecture with changes in the way education is resourced, taught and consumed.\
\
Popular areas in Edutech include:

1. Online learning
2. Career development
3. Course materials
4. Language development

Apart from development from the student’s perspective, platforms that support educational administration also come under Edutech. These include

1. Learning management systems
2. Next-gen schools
3. Learning analytics
4. School administration software

**C. Healthtech**

Healthtech is the use of technology to improve the delivery, payment, and/or consumption of care, with the ability to increase the development and commercialization of medical products.\
This maybe in the form of databases, applications, mobiles, wearables, etc. The aim of heathtech is to not only bridge the gaps between the doctors and the patients but also create an ecosystem to facilitate a better and faster healthcare environment.  Popular areas include :

1. Medical devices
2. Diagnostic panels
3. Genomics
4. Online health communities
5. Fitness apps
6. Cloud based medical records

**D. Deeptech**

This sector involves technological developments in 4 key technologies :\
         1\. Artificial Intelligence\
         2\. Internet of Things\
         3\. Blockchain\
         4\. Augmented Reality + Virtual Reality

Ventures under this sector are built around unique and differentiated technology  often protected or hard to reproduce fueled by technological or scientific advances. This sector invites all ideas/products which leverage these technologies across any sector/industry.

 \
**E. Cleantech**

Clean Technologies refer to any new products, processes or services that reduce waste and require as few non-renewable resources as possible. These technologies aim to reduce negative environmental impacts through significant [energy efficiency](https://en.wikipedia.org/wiki/Efficient_energy_use) improvements, the sustainable use of resources, or environmental protection activities.\
\
Popular areas in Cleantech include: 

1. Waste disposal and management technologies
2. New materials
3. Sustainable water management 
4. Sustainable design and practices
5. Energy storage and generation
6. Agriculture and food technologies


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