The 2018 roadmap for SGInnovate, the private startup agency owned by the Singapore government, will focus on increasing investments and empowering people, specifically targetting the Artificial Intelligence, Blockchain and MedTech industries.
The agency plans to grow the AI and Blockchain facilities at scale whereas it will approach MedTech with a more bespoke strategy, only focussing on a few companies in a given year.
The announcement was made a little over one year after the official launch of SGInnovate. Dubbed ‘Deep Tech Nexus’ the programme is designed around two core strategies — a renewed focus on Human Capital as well as Investment Capital.
SGinnovate, which focuses on tech-intensive, research-driven product companies, will also intensify its efforts in artificial intelligence (AI), which it identified as a transformational technology that will impact most industries.
Deep tech encompasses such technology given that it is based on radical engineering or scientific breakthroughs.
SGinnovate's aims were announced yesterday as part of a new "Deep Tech Nexus" strategy to further strengthen Singapore's deep-tech start-up ecosystem in 2018.
One goal is to make direct investments in at least 20 early-stage, deep-tech start-ups founded here.
SGINNOVATE on Nov 29 announced its ‘Deep Tech Nexus’ strategy as a direct result of experiences and insights gained in its first year of operation.
The Deep Tech Nexus represents SGInnovate’s commitment to add tangible value to the Singapore deep tech startup ecosystem in two key areas – human capital and investment capital.
SGInnovate, a one-year-old entity that focuses on tech-intensive product companies and research-driven technologies, also said that it will intensify its efforts around artificial intelligence (AI), which it identified as a transformational technology that will impact most industries.
Those targets were announced as part of a new "Deep Tech Nexus" strategy to further strengthen Singapore's deep-tech startup ecosystem in the next year.
Today SGInnovate announced its ‘Deep Tech Nexus’ Strategy as a direct result of experiences and insights gained in its first year of operation. The Deep Tech Nexus represents SGInnovate’s commitment to add tangible value to the Singapore deep tech startup ecosystem in two key areas – Human Capital and Investment Capital. Three technology areas have been selected for focus during 2018: Artificial Intelligence, Blockchain and MedTech.
SGInnovate says it would be renovating the 25,000 sf co-working space BASH at Block 79 to be more aligned with its three new focus areas. SGInnovate, which started in 2016, says it would intensify its focus on artificial intelligence (AI), blockchain, and medical technology — areas identified by the government-backed private enterprise to have a major impact on most industries. There will be more private rooms in the new BASH as some AI-based startups may be dealing with confidential data.