To help fresh university and polytechnic graduates in a similar situation, 700 paid research and development (R&D) traineeship positions have been created to prepare them for employment when the economy picks up. They can apply for these positions through the local universities, research institutes under the Agency for Science, Technology and Research, AI Singapore and startups under SGInnovate, where they will work closely with companies and hone skills to solve problems or develop new products and services.
CapBridge, a private capital platform backed by the Singapore Exchange (SGX), has gotten equity investments from Singapore Government-owned Deep Tech investor SGInnovate and Hong Kong Government-linked Cyberport Macro Fund.
More than 140 venture firms, accelerators, incubators and other members of the startup community in Southeast Asia are coming out strongly to support a community-led charity fundraising campaign aiming to raise the equivalent of 50,000 meals for those in need, by offering mentoring and virtual classes to startup founders affected by the COVID crisis.
Entropica Labs, a Singapore-based Quantum Computing software startup, has raised S$2.6 million (US$1.8 million) in a seed funding round led by Elev8, a VC firm focused on Deep Tech opportunities. Other participating investors include SGInnovate, Wavemaker Partners, Lim Teck Lee Group, Japanese software firm TIS Inc, V1 Capital, and Entrepreneur First.
MicroPort Scientific Corporation announced that it has entered into definitive agreements with Singapore-based NDR Medical Technology Private Limited to lead a strategic investment of S$8 million in NDR in a Series A round of funding. Other investors include SGInnovate and Kava Ventures.
Space tech reveals itself to be more than just about the galaxy far, far away. It is ingrained in the more down-to-earth activities such as GPS and communications. It also has a lot to do with the effective application of disaster management, agriculture, and tourism, as well as border disputes and security.