Government puts aside S$200m to boost deep-tech startups

Singapore

SOME S$200 million has been allocated by the government to catalyse equity investment in deep-tech startups, and an additional S$20 million set aside to encourage first-time entrepreneurs to start up.

The S$200 million investment, made to the Startup SG Equity scheme, seeks to boost support for startups in deep-tech areas such as medtech, cleantech, and advanced manufacturing and engineering.