Latest News In Innovation | SGInnovate
 

Keep up to date with the latest news in Deep Tech – from Singapore to the world.

    Latest News in Deep Tech – from Singapore to The World.

  • Singapore HealthTech Startups Attract US$105m in 2018

    Singapore HealthTech Startups Attract US$105m in 2018

    The Business Times Online reported that HealthTech startups in Singapore have attracted US$105 million across 21 deals in 2018, according to a report by HealthTech researcher Galen Growth Asia in collaboration with EDB. Overall, investment value in the Asia Pacific totalled US$6.3 billion across 294 deals, with Singapore making up 24 percent of the total deal value in Asia (excluding China and India). Prominent startups include Biofourmis, which clinched US$35 million in a Series B round led by Sequoia India and MassMutual Ventures SEA. In 2018, 58 investors invested into Singapore-based health tech startups and noteworthy Singapore-based investors included SGInnovate, with four investments, and Heritas Venture Fund, Venturecraft and Wavemaker Partners, with two investments each.

    Topics: Investments, Startups

  • Blockchain Accelerator TRIBE Introduces OpenNodes to Build An Innovation Melting Pot

    Blockchain Accelerator TRIBE Introduces OpenNodes to Build An Innovation Melting Pot

    OpenNodes has the support of IMDA to bring government agencies, corporate, and blockchain companies onboard

    Topics: Blockchain

  • StakeWith.Us Gets Seed Funding from SGInnovate, LuneX Ventures to Expand Team, Product Offerings

    StakeWith.Us Gets Seed Funding from SGInnovate, LuneX Ventures to Expand Team, Product Offerings

    e27 reported that Singapore-based Blockchain infrastructure startup StakeWith.Us has announced a S$825,00 seed funding round led by SGInnovate and LuneX Ventures, Golden Gate Ventures’ dedicated fund for blockchain investments. The investment is the second lead investment that LuneX Ventures has concluded under the Startup SG Equity scheme. StakeWith.Us will be using the funds to scale its team across Asia and expand its offering. According to Pang Heng Soon, Head, Venture Building, SGInnovate, Proof-of-Stake protocols are likely to become a “dominant trend” in the Blockchain industry.

    Topics: Investments

  • Why SEAsian & Indian VC Deals Are Outpacing China's

    Why SEAsian & Indian VC Deals Are Outpacing China's

    FinanceAsia published a feature piece on the rapid development of VC investment in Southeast Asia and India in the past four to five years. The growing ecosphere is also attracting more investors from within and outside the region. Southeast Asia and India are also benefitting from the current trade war between China and the US. Investors are seeking to protect their portfolio companies from being affected and opportunities outside China are looking more attractive, with Southeast Asia and India easily standing out due to their vibrant ecosystems. Tong Hsien-Hui, SGInnovate’s Head of Venture Investing notes that SEA and India companies are evolving, which is a change that is welcomed. While the high price for Chinese startups has deterred SGInnovate from investing in them, strong government support in SEA and India is attracting quality talents to set up companies in the region. He is also seeing more tech startups from Europe or the US increasingly moving to India and Singapore, due to India’s growing mobile population and Singapore’s value as an intellectual property centre, which forms an environment that benefits these tech startups.

    Topics: Investments

  • The First Emerging Tech Connector in Vietnam - YellowBlocks - Announces 100 Global Partners in the Unprecedented Tech Cruise

    The First Emerging Tech Connector in Vietnam - YellowBlocks - Announces 100 Global Partners in the Unprecedented Tech Cruise

    AsiaOne published a press release from YellowBlocks’s announcement that it is hosting the first #Elite1010 Emerging Tech Cruise which will take place on July 19, 2019 on the Saigon Sensation Cruise. During the exclusive networking night, YellowBlocks will announce its list of 100 global partners, including SGInnovate and other global and local top names from the public sector, private sector, academic groups and tech startup community including European Blockchain Hub, Startup Vietnam Foundation, Viettel, Microsoft, Advantage Austria, Nhipcaudautu (The Business Review), Forbes, VnExpress, Topica, RMIT University, CIO Academy Asia, Saigon Innovation Hub and Schoolab.

    Topics: Investments

  • Singapore Makes Coding Classes Mandatory for Primary School Students, Starting 2020

    Singapore Makes Coding Classes Mandatory for Primary School Students, Starting 2020

    All upper primary school students in Singapore will soon have to undergo a mandatory 10-hour coding program, said the country’s Minister for Communications and Information, S Iswaran at a seminar on Wednesday.

    Topics: Talent

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