Digital Industry Singapore (DISG) reposted this
From Singapore to the World! Igniting the innovation engine at Singapore Week of Innovation and Technology (SWITCH), Deputy Prime Minister Heng Swee Keat announced new initiatives to grow Singapore’s deep tech ecosystem. 🔬Funding Access - Boosted with a top-up of S$440m to the Startup SG Equity scheme, where our Government will co-invest with private investors in Singapore-based deep tech startups to help them scale globally. With this, Singapore will attract more global VC partners to invest and groom startups with novel innovations in #biotech, #quantum tech & space tech. - Raised the co-investment cap from S$8m to S$12m for each startup, providing additional support for deep tech startups in early stages of development. 🌎 Market Network - Expanded our Global Innovation Alliance (#GIA) network to 23 nodes and launched 3 new open innovation challenges for startups to unlock new market opportunities. 💻 Tech Startup Community - Partnered Singapore Economic Development Board (EDB) and ACE.SG (Action Community for Entrepreneurship) to launch Stage One – a one-stop platform that brings local and global tech startups together for collaborations, market access, and capabilities building. Read more: https://lnkd.in/gwVuXHNw