Latest News In Innovation | SGInnovate
 

Keep up to date with the latest news in Deep Tech – from Singapore to the world.

    Latest News in Deep Tech – from Singapore to The World.

  • SGInnovate appoints 17 co-investors to boost early-stage deep tech investment

    SGInnovate appoints 17 co-investors to boost early-stage deep tech investment

    SGInnovate today announced that it has appointed 17 co-investors under the Startup SG Equity scheme that will collectively identify and co-invest with it  in early-stage deep tech startups. The criteria will see them invest in areas prioritised in Singapore’s Research, Innovation and Enterprise 2020 Plan or RIE2020, such as Artificial Intelligence (AI) and Blockchain.

    SGInnovate is managing a portion of the fund under this scheme, which is aimed at accelerating the growth of deep tech startups. The total value for investments that would be made alongside these co-investors could potentially reach up to S$80 million ($59.1 million) over the next four years.

    Beyond the capital infusion, SGInnovate expects startup ventures under this scheme to “benefit from the strategic and management guidance provided by SGInnovate and the co-investors” “Deep technology startups typically have a longer roadmap for development and commercialization, and this may discourage some private sector VCs whose LPs expect shorter-term returns,” said Steve Leonard, Founding CEO, SGInnovate.

     

    Topics: Investments

  • SGInnovate to renovate BASH at Block 79, invest in 20 startups next year

    SGInnovate to renovate BASH at Block 79, invest in 20 startups next year

    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.

    Topics: Investments, Others

  • SGInnovate to focus on Artificial Intelligence, Blockchain and MedTech and invest in 20 deep tech startups during 2018

    SGInnovate to focus on Artificial Intelligence, Blockchain and MedTech and invest in 20 deep tech startups during 2018

    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.

    Topics: A.I., Blockchain, Investments, MedTech, Others

  • SGInnovate to invest in 20 deep-tech startups

    SGInnovate to invest in 20 deep-tech startups

    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.

    Topics: Investments

  • SGInnovate to invest in 20 startups, engage 15,000 participants under new deep tech strategy

    SGInnovate to invest in 20 startups, engage 15,000 participants under new deep tech strategy

    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.

    Topics: Investments, Others

  • Singapore eyes global ambitions with state-led investments in artificial intelligence, says CEO of SGInnovate

    Singapore eyes global ambitions with state-led investments in artificial intelligence, says CEO of SGInnovate

    After leading a major push for innovation in new financial technology startups, Singapore is now eyeing healthcare technologies as the next big thing, with major investments planned in the area of artificial intelligence, according to Steve Leonard, founding CEO of Singapore state-backed SGInnovate and a former government official. 

    Topics: A.I., Investments

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