In this compelling episode of The Innovators & Investors Podcast, host Kristian Marquez sits down with Keong Chan, Managing Director of Out the Back Ventures, to explore the unique world of early-stage investing in university research and deep tech startups. Keong shares the surfing-inspired origin story behind Out the Back Ventures, symbolizing a strategic approach to seeking second and third waves of innovation—not the obvious first ones—reflecting a long-term vision focused on breakthroughs five to ten years ahead.

The conversation delves into their specialized investment thesis: co-founding startups by translating cutting-edge university IP into commercial ventures, particularly in deep technology sectors like nuclear energy, neuromorphic computing, and quantum sensing. Keong outlines how Out the Back Ventures bridges the gap between technically brilliant researchers and the business expertise needed to build successful companies, often stepping in as the first investor and bringing in skilled management teams.

Listeners gain insight into the rigorous filtering process involving university tech transfer offices, which help pre-select promising projects backed by protected IP and internal university funding. Keong also discusses the pivotal role of family offices as early investors who appreciate the high-risk, high-reward profile of deep tech. The episode highlights the importance of balancing scientific integrity with commercial viability, the value of spreading bets across multiple emerging technologies, and the critical timing to attract talented CEOs before full commercialization.

Keong reflects on his own journey in early-stage investing and leadership, sharing lessons about partnership, strategic decision-making, and the humility to embrace learning and delegation.

Ideal for entrepreneurs, investors, and innovators interested in the frontier of university-led technology commercialization, this episode offers deep insights into how to identify, nurture, and invest in the next generation of transformative startups before they hit the mainstream.

Learn more about Keong's work at https://www.outthebackventures.com/

Connect with Keong on LinkedIn at https://www.linkedin.com/in/keongchan/

Think you'd be a great guest on the show? Apply at https://finstratmgmt.com/innovators-investors-podcast/

Want to learn more about Kristian Marquez's work? Check out his website at https://finstratmgmt.com