Investors, Founders and startup community members descended on the Google APAC office in Singapore yesterday to watch the second-ever Demo Day for Entrepreneur First (EF) in Singapore.
The accelerator programme is 6-months long and one of the perks from this year’s cohort is they have all received small investment offers from SGInnovate to help them with resources as they work to get that first seed or angel funding.
Singapore moves into deep tech and is investing in transformational technologies. SGInnovate Founding CEO Steve Leonard looks into how Singapore seeks to navigate these uncharted waters.
Web Biotechnology Pte Ltd (WEB, the "Company"), specializing in Cloud-based Remote and Personalized Wearable ECG monitoring today announced a Pre-series A financing round from Singapore-based SGInnovate.
WEB produces the Spyder ECG, the World's first medical grade ECG wearable that transmits continuously through a smartphone to a Cloud Database. Artificial Intelligence (AI) is then applied to the data to analyze ECG rhythm abnormalities in real-time. Its unique 24/7 "always on" system allows continuous patient ECG data transmission from anywhere in the world with a connected smartphone. Physicians can remotely log in securely into the database and report findings to patients from another connected device.
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.