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Government puts aside S$200m to boost deep-tech startups

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Koh Poh Koon, Minister of State for Ministry of National Development and Ministry of Trade and Industry, said on Wednesday: "We have enhanced our funding support for deep-tech startups, which typically have longer commercialisation runways."

Singapore

SOME S$200 million has been allocated by the government to catalyse equity investment in deep-tech startups, and an additional S$20 million set aside to encourage first-time entrepreneurs to start up.

The S$200 million investment, made to the Startup SG Equity scheme,

sentifi.com

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