Deep tech ventures or also known as knowledge-intensive ventures in the academic world are companies that leverage new technologies. These ventures can come directly from universities or they are spun off from existing companies and research organisations. Deep tech ventures have high potential due to their breakthrough science thus having the potential to revolutionise the industry by creating new industry verticals; examples of these are photonics technologies which created solar-powered transportation and artificial intelligence which accelerated automatisation and processes. However, they are also characterised as capital intensive and risky due to their longer runaway to market application.