Singapore’s deep-tech push requires ‘calculated bets’, stronger ecosystem: NUS Enterprise’s Benjamin Tee

[SINGAPORE] Singapore’s deep-tech push will hinge on “calculated bets” and building a stronger ecosystem to support it, said Professor Benjamin Tee, vice-president of innovation and enterprise at NUS Enterprise.

While Singapore has been able to support and foster idea development through research and development (R&D) and minimum viable products via early-stage funding, the next phase requires a shift in mindset, said Tee.

Deep-tech ventures are not about moving from “zero to one”, but about scaling breakthroughs to impact millions – or even billions – of lives, he added.