UAE will be fertile ground for deep tech startups

UAE will be fertile ground for deep tech startups

What is deep tech? By its very definition, deep tech is proprietary, hard-to-replicate technology that often uses lab research to incubate innovations that can be combined with existing technology to solve new problems. This type of innovation is now driving every aspect of the global economy, explains the ambitious Madasamy, who has a portfolio of 12 companies,

“Given the scientific or engineering challenges that deep tech startups typically address, there is often a misconception that deep tech takes a long time to return on investment. That is not the case. In our experience, deep tech companies don’t take significant capital or time to become sizable assets. For instance, we were an early investor in PsiQuantum, the light-based quantum chip startup. They only took their first investment in 2016 and are already valued at over $3 billion,” said Madasamy.

“Furthermore, as deep tech is needed to address significant challenges with climate and sustainability, quantum, space, computational biology, manufacturing, and AI and quantum computing, it’s hard to ignore the long-term potential of deep tech. The UAE understands this and with the region taking steps such as pledging to reach net-zero carbon emissions by 2050 and announcing it would invest $163 billion in clean and