The Business Times published an article from a deep tech investing panel based on the launch of the SGInnovate Insights paper ‘Deep Tech Investments: Realising the Potential’. Moderated by Kenneth Lim, deputy news editor of The Business Times, the panel featured deep tech entrepreneurs Dr Sinuhe Arroyo, chief executive of AI startup TAIGER; Dr Tan Geok Leng, chief executive of startup AIDA Technologies and David Toh, deputy director of venture building at SGInnovate. Mr Toh highlighted that family offices are increasingly warming up to the idea of investing in deep tech, because they have acknowledged that technology will disrupt the current industries. A pertinent challenge for the ecosystem is in attracting young talents that have both deep technical expertise as well as business acumen. Noting that it could be difficult to convert a scientist into an entrepreneur, Dr Tan suggested that it could be easier to match a scientist CTO with an entrepreneur CEO. Dr Arroyo also observed that the younger generation has the tendency to look for jobs that give them a sense of purpose, what impact they could have on the company and who they work alongside. Startups will need to give these talents “something meaningful” to work towards, instead of just a “badge of honour” they gain by landing prestigious roles in Facebook or Google.
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