Deep tech: Unlocking new engines of growth for Singapore

SINGAPORE stands at a pivotal moment. We must find new ways to grow our economy amid an increasingly complex global environment and to address critical challenges such as energy transition and an ageing population. As Prime Minister Lawrence Wong emphasised in his inaugural National Day Rally, we must “work even harder to stay competitive and push the frontiers of innovation and productivity”.

Deep tech – advanced technologies based on scientific research and focused on complex problems – presents us with the opportunity to push the bounds of innovation. By leveraging technologies to solve the world’s most pressing issues and fostering sustained Stem (science, technology, engineering, and mathematics) investments from both public and private sectors, Singapore can unlock new engines of economic growth.

Strong foundation

The Republic has a strong foundation to build on.