SGInnovate adds 5 partners to panel of co-investors for deep tech startups

Singapore

SGINNOVATE has appointed five additional co-investors under the Startup SG Equity scheme, the government-owned deep-tech development firm announced on Friday.

The Startup SG Equity scheme, which is part of the Startup SG initiative by Enterprise Singapore, aims to accelerate private investment into innovative, Singapore-based tech startups with intellectual property and global market potential.

The newly appointed partners are ST Engineering Ventures, Elev8.VC, Golden Gate Ventures (together with its blockchain fund, LuneX Ventures), GREE Ventures and Verge Capital Management. These partners were selected through a stringent process based on their investment track record, financial strength, management team capabilities, as well as adequacy of facilities and resources, SGInnovate said. Together, they will co-invest with SGInnovate in early-stage deep tech startups in fields such as artificial intelligence and medtech, as the…