Deep technology (deep tech) or hard tech is a classification of organization, or more typically startup company, with the expressed objective of providing technology solutions based on substantial scientific or engineering challenges. They present challenges requiring lengthy research and development, and large capital investment before successful commercialization. The primary risk in a deep tech or hard tech company is technical risk, while market risk is often significantly lower due to the potential value of the solution to society. The underlying scientific or engineering problems being solved by deep tech and hard tech companies generate valuable intellectual property and are hard to reproduce.

 

Note:   The above text is excerpted from the Wikipedia article Deep tech, which has been released under the GNU Free Documentation License.