One of the key steps towards achieving this goal is fostering corporate involvement, and investment, in the startup community.
Steve Leonard, the founding chief executive of SGInnovate, sees the current deep tech focus as a sign of maturation of Singapore’s ecosystem.
Singapore is increasing its commitment on healthcare for aging population, efficient transportation and cutting down on energy use.
The launch of SGInnovate was the first ‘big moment’ when the government made it known that developing IP technology was important.
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.