Singapore’s deeptech blueprint takes shape, but hurdles dent ambitions
Add BT as a preferred source
IN 2020, Singapore committed S$300 million (US$215.4 million) for deeptech development in the city-state.
Under the Startup SG Equity Scheme, the government planned to co-invest with eligible investors in promising startups focused on biotech, agritech, and advanced manufacturing, among other sectors.
“These startups need larger investments, longer gestation periods and face higher risks,” Deputy Prime Minister and Finance Minister Heng Swee Keat said when he announced the scheme in 2020.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
