diff --git a/CMakeLists.txt b/CMakeLists.txt
index 5c4ba3d..a6e41f9 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -84,7 +84,7 @@
 endif()
 
 project(arm_ml_embedded_evaluation_kit
-        VERSION     23.02.0
+        VERSION     23.05.0
         DESCRIPTION "ARM ML Embedded Evaluation Kit"
         LANGUAGES   C CXX ASM)
 
diff --git a/dependencies/cmsis b/dependencies/cmsis
index 41a6424..e94a962 160000
--- a/dependencies/cmsis
+++ b/dependencies/cmsis
@@ -1 +1 @@
-Subproject commit 41a6424ff4307bd52d94bfc2708874d4224848b6
+Subproject commit e94a96201a97be3e84d3d6ef081d2f0f7db9b5fd
diff --git a/dependencies/cmsis-nn b/dependencies/cmsis-nn
index d071e9f..61d1bb6 160000
--- a/dependencies/cmsis-nn
+++ b/dependencies/cmsis-nn
@@ -1 +1 @@
-Subproject commit d071e9f70195559e7242709b8df3adeb7c50d0fb
+Subproject commit 61d1bb6c4428ad730e525d0164e12df12b789985
diff --git a/dependencies/core-driver b/dependencies/core-driver
index ecdce6c..90f9df9 160000
--- a/dependencies/core-driver
+++ b/dependencies/core-driver
@@ -1 +1 @@
-Subproject commit ecdce6c33b2cb5e2589e339dd5c3c5c463ace9f2
+Subproject commit 90f9df900acdc0718ecd2dfdc53780664758dec5
diff --git a/dependencies/core-platform b/dependencies/core-platform
index 00b8e7b..4db21c9 160000
--- a/dependencies/core-platform
+++ b/dependencies/core-platform
@@ -1 +1 @@
-Subproject commit 00b8e7beb4fef59c5bef3bc963dfff5bd11718b6
+Subproject commit 4db21c986a8aec9a1ee31479fd3ca9806781865f
diff --git a/dependencies/tensorflow b/dependencies/tensorflow
index 1d810ca..384dd27 160000
--- a/dependencies/tensorflow
+++ b/dependencies/tensorflow
@@ -1 +1 @@
-Subproject commit 1d810cac73330d9bf156b38a111ffd8e86523362
+Subproject commit 384dd272f28ea7a99f5f7c211c9791f73cdb301b
diff --git a/docs/quick_start.md b/docs/quick_start.md
index 37002ad..cad0e8c 100644
--- a/docs/quick_start.md
+++ b/docs/quick_start.md
@@ -71,7 +71,7 @@
 python3 -m venv env
 env/bin/python3 -m pip install --upgrade pip
 env/bin/python3 -m pip install --upgrade setuptools
-env/bin/python3 -m pip install ethos-u-vela==3.6.0
+env/bin/python3 -m pip install ethos-u-vela==3.8.0
 cd ..
 
 curl -L https://github.com/ARM-software/ML-zoo/raw/7c32b097f7d94aae2cd0b98a8ed5a3ba81e66b18/models/anomaly_detection/micronet_medium/tflite_int8/ad_medium_int8.tflite \
diff --git a/docs/sections/building.md b/docs/sections/building.md
index bf7ca4d..c7d69c8 100644
--- a/docs/sections/building.md
+++ b/docs/sections/building.md
@@ -91,17 +91,17 @@
 >
 > `export PATH=$(readlink -e resources_downloaded/env/bin):${PATH}`
 
-- Python 3.7 or above is installed. Check your current installed version of Python by running:
+- Python 3.9 or above is installed. Check your current installed version of Python by running:
 
     ```commandline
     python3 --version
     ```
 
     ```log
-    Python 3.7.13
+    Python 3.9.7
     ```
 
-  > **Note:** If you have an older version of Python installed (< 3.7) see the
+  > **Note:** If you have an older version of Python installed (< 3.9) see the
   > [Troubleshooting](./troubleshooting.md#how-to-update-python3-package-to-newer-version)
   > for instruction on how to update it.
 
@@ -126,7 +126,7 @@
   ```
 
   ```log
-  pip 9.0.1 from /usr/lib/python3/dist-packages (python 3.7)
+  pip 9.0.1 from /usr/lib/python3/dist-packages (python 3.9)
   ```
 
 - Make
@@ -361,7 +361,7 @@
 for the default 128 MACs configuration of the Arm® *Ethos™-U55* NPU and for the default 256 MACs configuration of the
 Arm® *Ethos™-U65* NPU.
 
-> **Note:** This script requires Python version 3.7 or higher. Please make sure all [build prerequisites](./building.md#build-prerequisites)
+> **Note:** This script requires Python version 3.9 or higher. Please make sure all [build prerequisites](./building.md#build-prerequisites)
 > are satisfied.
 >
 > **Note:** This script also installs required version of CMake into the virtual environment, which can be used by activating it.
@@ -709,8 +709,9 @@
 > <https://pypi.org/project/ethos-u-vela/>.
 > The source code is hosted on <https://review.mlplatform.org/plugins/gitiles/ml/ethos-u/ethos-u-vela/>.
 
-> **Note:** Using the 22.11 versions of software dependencies will require Vela to be at least version 3.6.0
+> **Note:** The correct version of Vela should be used and this depends on the versions of software dependencies used
 > or you may encounter issues when trying to run applications on different variants of Ethos-U NPUs.
+> See <https://review.mlplatform.org/plugins/gitiles/ml/ethos-u/ethos-u> for more details of which versions align.
 
 The Vela compiler is a tool that can optimize a neural network model into a version that can run on an embedded system
 containing an *Ethos-U* NPU.
diff --git a/docs/sections/troubleshooting.md b/docs/sections/troubleshooting.md
index b29b30a..c8bb7b3 100644
--- a/docs/sections/troubleshooting.md
+++ b/docs/sections/troubleshooting.md
@@ -6,8 +6,8 @@
   - [NPU configuration mismatch error when running inference](./troubleshooting.md#npu-configuration-mismatch-error-when-running-inference)
   - [Errors when cloning the repository](./troubleshooting.md#errors-when-cloning-the-repository)
   - [Problem installing Vela](./troubleshooting.md#problem-installing-vela)
-  - [No matching distribution found for ethos-u-vela==3.5.0](./troubleshooting.md#no-matching-distribution-found-for-ethos_u_vela)
-    - [How to update Python3 package to 3.7 version](./troubleshooting.md#how-to-update-python3-package-to-newer-version)
+  - [No matching distribution found for ethos-u-vela==3.8.0](./troubleshooting.md#no-matching-distribution-found-for-ethos_u_vela)
+    - [How to update Python3 package to 3.9 version](./troubleshooting.md#how-to-update-python3-package-to-newer-version)
   - [Error trying to build on Arm Virtual Hardware](./troubleshooting.md#error-trying-to-build-on-arm-virtual-hardware)
   - [Internal Compiler Error](./troubleshooting.md#internal-compiler-error)
   - [Build issues with WSL2](./troubleshooting.md#build-issues-with-wsl2)
@@ -129,15 +129,15 @@
 
 ## No matching distribution found for ethos-u-vela
 
-Vela 3.5.0 increases Python requirement to at least version 3.7, if not installed on your system the following error will occur:
+Vela 3.8.0 increases Python requirement to at least version 3.9, if not installed on your system the following error will occur:
 
 ```log
-python3 -m pip install ethos-u-vela==3.5.0
-ERROR: Could not find a version that satisfies the requirement ethos-u-vela==3.5.0 (from versions: 0.1.0, 1.0.0, 1.1.0, 1.2.0, 2.0.0, 2.0.1, 2.1.1, 3.0.0, 3.1.0, 3.2.0)
-ERROR: No matching distribution found for ethos-u-vela==3.5.0
+python3 -m pip install ethos-u-vela==3.8.0
+ERROR: Could not find a version that satisfies the requirement ethos-u-vela==3.8.0 (from versions: 0.1.0, 1.0.0, 1.1.0, 1.2.0, 2.0.0, 2.0.1, 2.1.1, 3.0.0, 3.1.0, 3.2.0)
+ERROR: No matching distribution found for ethos-u-vela==3.8.0
 ```
 
-Ensure that the minimum Python 3.7 requirement is installed and it's the default version.
+Ensure that the minimum Python 3.9 requirement is installed and it's the default version.
 Check your current installed version of Python by running:
 
 ```commandline
@@ -158,37 +158,37 @@
    Python 3.6.9
    ```
 
-2. Install the Python 3.7 packages necessary on the system:
+2. Install the Python 3.9 packages necessary on the system:
 
    ```commandline
-   sudo apt-get install python3.7 python3.7-venv libpython3.7 libpython3.7-dev
+   sudo apt-get install python3.9 python3.9-venv libpython3.9 libpython3.9-dev
    ```
 
 3. Update the `python3` alternatives (set as 1 your previous version displayed at step 1):
 
    ```commandline
    sudo update-alternatives --install /usr/bin/python3 python3 /usr/bin/python3.6 1
-   sudo update-alternatives --install /usr/bin/python3 python3 /usr/bin/python3.7 2
+   sudo update-alternatives --install /usr/bin/python3 python3 /usr/bin/python3.9 2
    ```
 
-4. At the prompt, update the configuration by selecting Python3.7 as the chosen default alternative:
+4. At the prompt, update the configuration by selecting Python3.9 as the chosen default alternative:
 
    ```commandline
    sudo update-alternatives --config python3
    ```
 
-5. Python3.7 is now set as default you can check it by running:
+5. Python3.9 is now set as default, you can check it by running:
 
    ```commandline
    python3 --version
    ```
 
    ```log
-   Python 3.7.0
+   Python 3.9.0
    ```
 
-> **Note:** After updating to from Python3.6 Python3.7 it may happen that the `gnome-terminal` or the relative
-> shortcuts doesn't work anymore.
+> **Note:** After updating from Python3.6 to Python3.9 it may happen that the `gnome-terminal` or the relative
+> shortcuts don't work anymore.
 > If when opening it from XTerm with `gnome-terminal` the following error appear:
 >
 > ```log
@@ -215,7 +215,7 @@
 available.  On Debian/Ubuntu systems, you need to install the python3-venv
 package using the following command.
 
-    apt install python3.8-venv
+    apt install python3.9-venv
 
 You may need to use sudo with that command.  After installing the python3-venv
 package, recreate your virtual environment.
@@ -240,7 +240,7 @@
 You can fix this error by installing Python virtual environment and removing the corrupted resources_downloaded folder.
 
 ```commandline
-sudo apt install python3.8-venv
+sudo apt install python3.9-venv
 rm -r resources_downloaded
 ```
 
diff --git a/download_dependencies.py b/download_dependencies.py
index 385750e..c884b72 100755
--- a/download_dependencies.py
+++ b/download_dependencies.py
@@ -24,12 +24,12 @@
 from zipfile import ZipFile
 from pathlib import Path
 
-TF = "https://github.com/tensorflow/tflite-micro/archive/1d810cac73330d9bf156b38a111ffd8e86523362.zip"
-CMSIS = "https://github.com/ARM-software/CMSIS_5/archive/41a6424ff4307bd52d94bfc2708874d4224848b6.zip"
+TF = "https://github.com/tensorflow/tflite-micro/archive/384dd272f28ea7a99f5f7c211c9791f73cdb301b.zip"
+CMSIS = "https://github.com/ARM-software/CMSIS_5/archive/e94a96201a97be3e84d3d6ef081d2f0f7db9b5fd.zip"
 CMSIS_DSP = "https://github.com/ARM-software/CMSIS-DSP/archive/refs/tags/v1.14.4.zip"
-CMSIS_NN = "https://github.com/ARM-software/CMSIS-NN/archive/refs/tags/23.02.zip"
-ETHOS_U_CORE_DRIVER = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-driver.git/snapshot/ethos-u-core-driver-23.02.tar.gz"
-ETHOS_U_CORE_PLATFORM = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-platform.git/snapshot/ethos-u-core-platform-23.02.tar.gz"
+CMSIS_NN = "https://github.com/ARM-software/CMSIS-NN/archive/refs/tags/23.05.zip"
+ETHOS_U_CORE_DRIVER = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-driver.git/snapshot/ethos-u-core-driver-23.05.tar.gz"
+ETHOS_U_CORE_PLATFORM = "https://git.mlplatform.org/ml/ethos-u/ethos-u-core-platform.git/snapshot/ethos-u-core-platform-23.05.tar.gz"
 
 
 def download(url_file: str, post_process=None):
diff --git a/release_notes.txt b/release_notes.txt
index cefa3c8..cc34c0a 100644
--- a/release_notes.txt
+++ b/release_notes.txt
@@ -1,3 +1,9 @@
+Changes in 23.05
+    * Support for 23.05 NPU components and dependencies (core-driver, core-platform, Vela 3.8.0, CMSIS, CMSIS-NN and TensorFlow Lite Micro).
+    * Minor updates to CMSIS-pack dependencies.
+    * Update Python package requirements for compatibility reasons.
+    * Increase minimum requirements of Python to 3.9
+
 Changes in 23.02
     * Support for 23.02 NPU components and dependencies (core-driver, core-platform, Vela 3.7.0, CMSIS, CMSIS-DSP, CMSIS-NN and TensorFlow Lite Micro).
     * Improvement to PMU counters - reducing cache maintenance burden for Arm Cortex-M55 CPUs when NPU is used.
diff --git a/set_up_default_resources.py b/set_up_default_resources.py
index 3bfe52f..740cfb8 100755
--- a/set_up_default_resources.py
+++ b/set_up_default_resources.py
@@ -381,9 +381,9 @@
     metadata_file_path = download_dir / "resources_downloaded_metadata.json"
 
     metadata_dict = dict()
-    vela_version = "3.7.0"
-    py3_major_version_minimum = 3  # Python >= 3.7 is required
-    py3_minor_version_minimum = 7
+    vela_version = "3.8.0"
+    py3_major_version_minimum = 3  # Python >= 3.9 is required
+    py3_minor_version_minimum = 9
 
     # Is Python minimum requirement matched?
     py3_version = sys.version_info
@@ -392,7 +392,7 @@
         or py3_version.minor < py3_minor_version_minimum
     ):
         raise Exception(
-            "ERROR: Python3.7+ is required, please see the documentation on how to update it."
+            "ERROR: Python3.9+ is required, please see the documentation on how to update it."
         )
 
     setup_script_hash_verified = False
diff --git a/source/application/api/common/include/TensorFlowLiteMicro.hpp b/source/application/api/common/include/TensorFlowLiteMicro.hpp
index 944ed4a..17dfd64 100644
--- a/source/application/api/common/include/TensorFlowLiteMicro.hpp
+++ b/source/application/api/common/include/TensorFlowLiteMicro.hpp
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: Copyright 2021-2022 Arm Limited and/or its affiliates <open-source-office@arm.com>
+ * SPDX-FileCopyrightText: Copyright 2021-2023 Arm Limited and/or its affiliates <open-source-office@arm.com>
  * SPDX-License-Identifier: Apache-2.0
  *
  * Licensed under the Apache License, Version 2.0 (the "License");
@@ -47,7 +47,6 @@
 
 #include "tensorflow/lite/c/common.h"
 #include "tensorflow/lite/micro/kernels/micro_ops.h"
-#include "tensorflow/lite/micro/tflite_bridge/op_resolver_bridge.h"
 #include "tensorflow/lite/schema/schema_generated.h"
 #include "tensorflow/lite/schema/schema_utils.h"
 
diff --git a/source/application/api/common/source/Model.cc b/source/application/api/common/source/Model.cc
index 7de6fde..80c10b7 100644
--- a/source/application/api/common/source/Model.cc
+++ b/source/application/api/common/source/Model.cc
@@ -1,5 +1,5 @@
 /*
- * SPDX-FileCopyrightText: Copyright 2021-2022 Arm Limited and/or its affiliates
+ * SPDX-FileCopyrightText: Copyright 2021-2023 Arm Limited and/or its affiliates
  * <open-source-office@arm.com> SPDX-License-Identifier: Apache-2.0
  *
  * Licensed under the Apache License, Version 2.0 (the "License");
@@ -199,7 +199,7 @@
     for (size_t i = 0; i < nOperators; ++i) {
         const tflite::Operator* op         = subgraph->operators()->Get(i);
         const tflite::OperatorCode* opcode = opcodes->Get(op->opcode_index());
-        const TfLiteRegistration* reg      = nullptr;
+        const TfLiteRegistration_V1* reg      = nullptr;
 
         tflite::GetRegistrationFromOpCode(opcode, this->GetOpResolver(), &reg);
         std::string opName;