There are opportunities aplenty in the tech VC world, Tim Mills says, adding that the market for early investment has been ‘buoyant’ in the past year. This has resulted in new ventures as well as growth in existing portfolios of the government-backed fund. But the bustle presents new challenges, especially in sectors such as artificial intelligence and machine learning, which he fears face ‘very high valuations’. Mills has previously worked towards expanding Barclays Capital’s global operations. He spent five years with Capital for Enterprise in the department of Business, Innovation and Skills (BIS), leading investments into venture capital funds, which also led to the launch of the Angel CoFund.