Inc ASEAN published an article based on an email interview with Steve, on the three key factors that need to be in place for emerging ASEAN economies to benefit from deep technology. As the ideal hub for deep tech startups, Singapore acts as the jump-off point for deployment for startups to emerging markets. For instance, while Adatos, one of SGInnovate’s portfolio company, is based in Singapore, it works with some of the biggest food producers in Southeast Asia to address a genuine problem in the world – food security. SGInnovate aims to develop deep tech startups into high potential companies with global impact, to build and scale their products from Singapore for Southeast Asia and the world. Steve shares the three key factors that emerging ASEAN economies need in order to benefit from deep tech:
CNBC Asia conducted an interview with Steve on its morning programme, Squawk Box Asia, on the key technology trends for 2019. Apart from cryptocurrency, Steve highlighted that there are more important use cases for blockchain such as for the management of digital assets or creation of digital identities. For MedTech, innovations in this field remain a tough one to crack due to the complex regulatory environments in different countries, a longer time for investments to be realised, and a challenging adoption curve.
GovInsider featured an article on SzeKi in the Women in GovTech 2018 Special Report, which showcases the stories of inspiring women in public service. As the Head of Brand in SGInnovate, SzeKi is focused on sharing the Singapore innovation story and deep tech capabilities locally and internationally. One of the ways to achieve this is to showcase some of the founders that SGInnovate works with, feature their innovations, as well as how they are addressing important global issues. For 2019, SGInnovate will continue to focus on building the deep tech ecosystem and aim to drive deeper engagement with the community by experimenting with different formats and platforms.
GovInsider featured an article on Juliana in the Women in GovTech 2018 Special Report, which showcases the stories of inspiring women in public service. As the Head of Talent Networking in SGInnovate, Juliana works with her team to build the deep tech talent pool in Singapore by enhancing the technical capabilities of talents through learning opportunities, as well as expanding the deep tech talent marketplace so that talents and high-potential startups can seek each other out. For 2019, Juliana and her team will focus on enhancing the human capital potential of Singapore’s deep tech ecosystem, continue to build deep tech talent capabilities through world-class learning opportunities while continually seeking out the best and hard-to-reach deep tech talents for ambitious and capable startups.
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.
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.