Deep technologies, or 'deep tech', are defined by the Spanish Ministry of Science as innovations aimed at addressing complex social and global challenges, characterized by their disruptive nature and potential to create new markets or transform existing ones. The emphasis on deep tech is reminiscent of historical endeavors such as Christopher Columbus's proposals to monarchies, where significant investments were required with uncertain future returns. In today's context, these technologies leverage advanced scientific research rather than uncharted routes, but face similar investment and uncertainty dynamics.

Spain's government is committing over 2 billion euros to cultivate this sector, highlighting its potential impact on the economy and society by tackling pressing issues through technological advancements. Such significant public funding indicates a strategic priority for the nation, aiming not only to foster innovation but also to position Spain competitively on a global scale amidst the rising importance of deep tech in various industries. The government's strategy signifies recognition of deep tech's potential to drive change and address urgent global problems, such as healthcare, sustainability, and security.

As Spain embarks on this initiative, the implications of investing in deep tech may extend beyond immediate economic benefits. The long-term vision aims at creating ecosystems that encourage research, development, and collaboration across various sectors. This could lead to the emergence of new industries and job opportunities, solidifying Spain's role as a significant player in the international tech landscape, while also striving to deliver solutions across diverse challenges faced by society today.