We target capable founders and startups using Deep Tech to address global problems. Search form Search this site. It will support SGInnovate by providing technical experts for its training sessions and offering AI start-ups early access to its platform. SGInnovate will also work to expand the deep-tech talent network here, with a goal to connect 2, people to start-ups.
Investing in AI and sensors
SGInnovate has connected us to a large network of talents, as well as recommending advisors and mentors to help us achieve our goals. SGInnovate understands the difficulites startups face and are willing to work with you and stand by you. I thind that is tremendously important. We define it as technology that is expressed in engineering and applied commercially. We target capable founders and startups using Deep Tech to address global problems.
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SGInnovate is a private organisation wholly owned by the Singapore Government. They enable entrepreneurial scientists to launch, prove, build, and scale Deep Tech innovations from Singapore for the world. They passionately believe that Singapore has the resources and capabilities to ‘tackle hard problems’ that matter to people globally. SGInnovate’s Deep Tech Nexus strategy [3] was launched in and highlights their sharp focus on transformational technologies such as Artificial Intelligence AI , Autonomous Technologies, Quantum Technology, and Robotics that have horizontal applications to many industries, as well as MedTech which impacts healthcare solutions worldwide. Through this strategy, they are committed to add tangible value to the Singapore Deep Tech startup ecosystem in two key areas — developing Human Capital and deploying Investment Capital.
Focus will be on areas such as AI, blockchain and medtech
Artificial intelligence, self-driving vehicles, medical technologies and quantum computing are areas of focus for Mucg early stage, state-funded investor. While those technologies are mufh in their nascent stages, they are becoming more interconnected and, as a result, having a cross-disciplinary understanding of them is fundamental for investors, according to Tong Hsien-Hui, head of venture investing at SGInnovate. SGInnovate is funded wholly by the Singapore government but Tong declined to disclose the fund size.
Its mandate is to invest in early-stage local, and some international, deep-tech start-ups. We can do more, we can do less, depending on what the opportunity is,» he said.
Artificial intelligence is becoming more important not just to Singapore, which has undergone rapid digitization in recent years, but to the entire Southeast Asia region, according to Tong. Seeing AI’s potential value, investors around the world have been opening their checkbooks to start-ups. Sensors are components used in a variety of new technologies including AI, robotics, data analytics, the so-called Internet of Things and self-driving vehicles. So, demand for sensors will likely always exist, which would create immediate revenue streams for such start-ups, Tong explained.
SGInnovate invested in a U. The reason for investing into international start-ups, according to Hoa, is to help Singaporean companies learn from their counterparts in the U. That not only helps them make money, but, how much does sginnovate invest also validates the technologies that are being developed locally.
In the medical technologies space, start-ups now increasingly compete with large consumer electronics companies that have deep pockets to facilitate research and development. Last year, Apple revealed that the Apple Watch can detect irregular heart rhythms and other problems.
SGInnovate has invested into companies developing technologies for better patient monitoring, improving medical imaging using machine learning and improving how much does sginnovate invest prediction using AI. Still, medtech remains highly specialized and faces plenty of structural challenges including regulatory hurdles, passing clinical trials and convincing hospitals and other health-care providers to buy into the new technologies, according to Tong.
Another avenue: Quantum computing. The tech is theoretically able to store more information than classical computing, can perform certain functions millions of times faster and can solve existing challenges in areas such as cybersecurity and sginnovaye exploration. The technology is both new and expensive, however, which makes it harder for investors to gauge sginnovaet kind of returns they may see.
We will probably start to see consolidation once the specific hardware configuration stabilizes. The success of homegrown companies in Southeast Asia, such as Singapore-headquartered Grab and Indonesia’s Gojek, has created opportunities for many start-ups in the region, according to Tong.
Those companies, he said, have realized that mergers and acquisitions present attractive opportunities for quicker growth. For investors, that means potentially seeing quicker returns on their investments instead of having to wait for the start-ups to go public. Earlier this year, Gojek bought a Philippines-based financial technology start-up, Coins.
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All Rights Reserved. Data also provided by. Skip Navigation. Markets Pre-Markets U. Key Points. Artificial intelligence, self-driving vehicles, medical technologies and quantum computing are areas of interest for Singapore’s early stage, state-funded investor SGInnovate. SGInnovate is funded wholly by the Singapore government with svinnovate mandate to invest in early-stage local, and some international, deep-tech start-ups.
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A Dance of Giants and Hobbits—How Corporates and Startups Can Collaborate Partnerships between companies at different ends of the size spectrum can be tricky, but clear targets and timelines, as well as trust, is critical if collaborative innovation is to take off. August 24, Featured Content Video. October 10, SGinnovate’s aims were announced yesterday as part of a new «Deep Tech Nexus» strategy to further strengthen Singapore’s deep-tech start-up ecosystem in A version of this article appeared in the print edition of The Straits Times on November 30,with the headline ‘SGInnovate to invest in 20 deep-tech startups’. A government-owned innovation platform will invest millions of dollars in a invesg of start-ups working mucb a field known as deep tech.
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