Ming Pao published an article from an interview with Steve Leonard at the GREAT Festival of Innovation Hong Kong, on Smart Cities and the role of SGInnovate in Singapore. The article gave a brief introduction of SGInnovate and highlighted the organisation’s role in developing Singapore’s deep tech ecosystem, guided by its Deep Tech Nexus strategy. In the interview, Steve brought up the point that many research scientists are not familiar with bringing their research into commercialisation, and how SGInnovate is keen to work with researchers with the right technical skills to build something that is of high impact to the world. On the question of whether Hong Kong is too late in the AI race, Steve pointed out that Hong Kong has the capabilities to catch up with the rest of the competition. He highlighted Hong Kong’s good universities, investment capital in the ecosystem, ambition and talent, and that what it needs crucially, is a working relationship between its citizens and the government.
DealStreetAsia published an article based on an interview with Alex Crompton, the Director of EF in Singapore. Crompton discusses how EF’s investment thesis and protocols have evolved since its launch in Singapore, his views on the city-state’s venture ecosystem and its investors, the impact of Brexit on startups and VCs, as well as its talent pool, among other topics. Crompton also talked about EF’s partnership with SGInnovate and the impact of its recent shift based on the ‘Deep Tech Nexus’ strategy announcement. He shared that SGInnovate had contributed to helping them establish and grow EF’s presence in Singapore. He believes that the strategy shift by SGInnovate sends a strong and positive signal to the investment community, giving people the confidence to and provide a significant boost to the ecosystem. Finally, he adds that SGInnovate’s talent building initiative has helped bring more people into the deep tech ecosystem.
EmTech Asia 2018, the world's most anticipated conference on emerging technologies that matter, kicked off today with well-attended series of curated sessions on innovation; building future cities; commercialisation; bioengineering and medicine; augmented and virtual reality; quantum computing and security; and consumer internet.
SGInnovate announced its ‘Deep Tech Nexus’ Strategy in December 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.
On December 14, SGInnovate announced that it has appointed 17 co-investorsunder the Startup SG Equity scheme. The co-investors would collectively be identifying and co-investing with SGInnovate in early-stage deep tech startups in areas prioritised in Singapore’s Research, Innovation and Enterprise 2020 Plan or RIE2020, such as Artificial Intelligence and Blockchain.
Rising against all odds, Singapore is pushing hard to becoming a research-intensive, innovative and entrepreneurial economy.
“When it comes to innovation, there is no such thing as status quo — you either improve or decline relative to everyone else and sitting in a comfort zone for too long could prove costly.” That is the philosophy of Steve Leonard, the founding chief executive of SGInnovate. SGInnovate is a leading government enterprise that consolidates entrepreneurs’ innovation efforts in Singapore.
Given Singapore’s tiny domestic market, it was impossible to rely on import substitution to promote economic independence and development. Instead, the city-state chose the unconventional route of attracting investments from foreign multinational corporations.
MIT Technology Review has announced the top ten young innovators under the age of 35 in Asia. Each year, ten innovators less than 35 years of age are given tribute annually at MIT Technology Review’s EmTech Asia conference. The list recognizes the development of new technology or the creative application of existing technologies to solve global problems in industries such as biomedicine, computing, communications, energy, materials, web and transportation.
“We are thrilled to be supporting IU35 for the second consecutive year. At SGInnovate, we strongly believe that ‘deep-tech’ startups will be critical players in tackling global challenges in new ways. We want to encourage and help these amazing men and women to have the courage and confidence to bring their research work to the market—where millions of lives could potentially be transformed,” said Dr. Steve Leonard, founding chief executive officer of SGInnovate.