The Straits Times reported that according to Finance Minister Heng Swee Keat, more talent and effort are needed to grow the deep tech industry in Singapore. He was speaking at the second anniversary of SGInnovate, which has invested in 45 startups, grown a 23,000-strong community focused on deep tech, and holds about 100 events a year. At the event, founding CEO of SGInnovate, Steve Leonard also announced that the organisation would be making new investments and creating apprenticeship opportunities for students. With the enhanced Summation Programme, it would set aside places for students from NUS, NTU, SMU and SUTD. Steve also announced the company’s investment into three deep tech startups – Horizon Quantum Computing, Portcast, and Involt.
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The Business Times Online reported that Element AI has separately forged strategic partnerships with GIC, SGInnovate and SMU. The partnership between Element AI and Singapore's sovereign wealth fund GIC will focus on the application of advanced machine learning techniques to challenging problems encountered by large asset managers. In collaboration with SGInnovate, the two companies will prioritise the expansion of the deep tech talent pool in Singapore and the development of the fast-growing technology startup ecosystem in Asean. Together, Element AI and SGInnovate will focus on the potential of AI-related startups to help corporations and governments address a variety of challenges. Finally, Element AI and SMU School of Law will be embarking on a research collaboration in relevant areas on the governance of AI, with SMU responsible for carrying out the Singaporean and Asean aspects of research while Element AI will focus on the North American aspects as well as leverage its global researcher network.
Marketing Interactive published an article from the Digital Marketing Asia Singapore 2018 conference, where SzeKi Sim, Head – Brand, SGInnovate, participated as a panellist for the panel titled ‘Brand Safety and the Zero-Tolerance Imperative’. Despite the huge opportunity that programmatic marketing presents, panellists say that it is not necessarily for everyone. Adam Cordner, Senior Solution Consultant at Domo, said that at the end of the day, marketers need to understand their brands, know what needles have an impact on the brand, and to be clear on what they want to measure. Panellists also added that the journey between an agency and a brand needs to now form into a collaboration. “I think the agency-brand experience is not a master-slave type of a relationship. It is a partnership where they are both vested towards the same purpose,” said SzeKi.
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OpenGov reported the MAS has announced that the 380 participating investors who enrolled in the Singapore Fintech Festival’s (SFF) deal-making platform, MATCH (Meet ASEAN’s Talents and Champions), have indicated intentions to invest up to US$6.2 billion in ASEAN enterprises next year. An additional US$6 billion has been earmarked over the subsequent two years. MATCH is a new platform at this year’s SFF which curates and brings together promising next-generation ASEAN enterprises with global private equity and venture capital. At the beginning of this month, MAS also announced the 60 finalists of the Global FinTech Hackcelerator and FinTech Awards. Past year’s finalists have gained exposure and connections from the competition – one company which pitched a blockchain technology to deliver international aid (AID:Tech) has since secured €1 million in investment from both Enterprise Ireland and SGInnovate.
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Inc. ASEAN published an article on the Deep Tech Summit which will be presented by SGInnovate as part of the Singapore Week of Innovation and TeCHnology (SWITCH 2018). The summit will discuss how deep tech can solve global problems across industries and transform the way businesses and consumers operate, covering topics such as AI across industries, blockchain beyond fintech, the future of work and talent development, as well as venture building and deep tech investments. Citing how Singapore is a perfect host for the event, Steve Leonard, founding CEO of SGInnovate says, “Through hands-on work with hundreds of scientists, engineers, and investors, SGInnovate has gained a unique perspective of the challenges and opportunities for scientist-entrepreneurs who want to build a deep tech startup from Singapore.”
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TechTrade Asia published a post based on the Deep Tech Summit media alert, sharing the details of the event. Being held as part of the Singapore Week of Innovation and Technology (SWITCH) and presented by SGInnovate, the summit will be covering themes such as AI across industries, blockchain beyond fintech, the future of work and talent development, as well as venture building and deep tech investments. A list of the key speakers was also featured in the post.
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