SGInnovate

SGInnovate is a government-owned innovation platform in Singapore to support entrepreneurship centred on the development of deep technology.[1][2] It was established in 2016 to consolidate innovation activities in Singapore, and was founded on the belief that deep technology, borne out of scientific research, can tackle some of the "greatest global challenges".[3][4][5]

SGInnovate
TypeInvestment
IndustryDeep technology
Founded22 November 2016 (2016-11-22)
FounderSteve Leonard (Founding CEO)
Headquarters
Singapore
,
Singapore
Key people
Lim Jui (CEO)
Yong Ying-I (Chairman)
OwnerGovernment of Singapore
Websitewww.sginnovate.com

SGInnovate manages a portion of the Startup SG Equity fund worth S$200 million, which it uses to co-invest in startups that specialise in research-driven technology, together with venture capitalists and corporate companies. It also works with universities, polytechnics, and ecosystem partners to develop tech talents.[6]

History

In 2017, SGInnovate launched its Deep Tech Nexus strategy to develop deep technology in Singapore. The organisation announced that it will invest in at least 20 startups founded in Singapore, and will host 15,000 participants over more than 150 events in 2018.[6]

See also

References
  1. SGInnovate. (2017, August 17). SGInnovate Factsheet. https://sginnovate.com/sites/all/themes/newsginnovate/pdf/SGInnovate%20Factsheet%20-%207%20Aug%202017.pdf
  2. "Helping founders launch, prove and scale deep tech products borne out of science research". SGInnovate. 2017-11-20. Retrieved 2019-08-22.
  3. Cheok, Jacquelyn (23 November 2016). "SGInnovate launched to unify innovation efforts in Singapore". The Business Times. Retrieved 2022-08-16.
  4. Tan, Zhixin (2019-09-24). "Characteristics of Singapore's deep tech sector, based on a study by SGInnovate". KrASIA. Retrieved 2022-08-16.
  5. Chia, Jie Lin (2018-12-14). "Juliana Lim, Head of Talent Networking, SGInnovate, Singapore". GovInsider. Retrieved 2022-08-16.
  6. Cheok, Jacquelyn (2017-11-29). "SGInnovate to invest in 20 start-ups, engage 15,000 participants under new deep tech strategy | The Straits Times". The Straits Times. Retrieved 2022-08-16.
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