SGInnovate has appointed five additional co-investors under the Startup SG Equity scheme, the government-owned Deep Tech development firm announced on Friday.
AIDA Technologies, a startup that uses Machine Learning to generate insights that help financial services companies make decisions, announced today that it has raised a Series A round from Mastercard, Kuok Ventures (belonging to the Kuok Group), and Singapore government-linked SGInnovate.
The Maritime and Port Authority of Singapore (MPA) is investing $650,000 in seed funding for tech startups to develop innovative solutions to address key maritime challenges in Singapore, MPA and NUS Enterprise announced yesterday.
HR Asia republished the blog post by SGInnovate on “International Women’s Day 2019 – Bridging the Gender Gap in STEM”. The blog post featured comments from five female deep tech startup founders, where they shared their thoughts on gender diversity in the deep tech startup industry.
Channel NewsAsia published a commentary article by Lin Suling, Executive Editor of CNA, on how the recent Budgets have shifted to give the business community more skin in the game of positioning the economy for the future. Several initiatives were announced at Budget 2019, aimed to give the larger business community a bigger stake in the growth of Singapore companies, such as the injection to the Co-Investment Programme, where Finance Minister Heng Swee Keat announced that he will be setting aside another S$100 million. “Restructuring” was another key theme in the Budget this year, and the Government will give stronger support for retraining, redesign and automation through enhancements to the Productivity Solutions Grant and Enterprise Development Grant. Research and innovation have been a priority for the Government for a few years now, with the S$19 billion RIE2020 fund being set aside to boost the generation of enterprise solutions by research institutes and entities like SGInnovate and A*STAR being given larger roles to help startups access talent in the past Budgets. This year, research partners were given a stronger role in enterprise development, with the announced creation of two Centres of Innovation in Aquaculture and Energy at Temasek Polytechnic and NTU respectively. Mr Heng highlighted how closer collaboration between companies and IHLs is needed to marry “the spirit of entrepreneurship” with the rigour of research.