Deep tech finds hope in emerging sectors after heavy pandemic blow

Published Wed, Mar 30, 2022 · 05:50 AM

Singapore

GROWTH in Singapore's deep tech sector is expected in the coming years, with opportunities opening up in the spacetech industry, sustainable materials industry and more, showed a report from deep tech ecosystem builder SGInnovate.

According to the report, the deep tech startup industry peaked in 2019, with the number of startups incorporated in the sector growing to 87, from 57 in 2017.

However, with the onslaught of the pandemic, all 4 of the verticals that SGInnovate classified under deep tech were impacted in the following years. The total number of startups incorporated across the agrifood, advanced manufactu…