Singapore’s deeptech blueprint takes shape, but hurdles dent ambitions

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.