A very interesting read in UNDP's Deep Tech Series Vol. 5: Science is Not Fiction - Insights from Singapore’s Deep Tech Venture Building, authored by A*Star's Jack So and UNDP's Weiiing Ye at
https://lnkd.in/gJ36yBFs .
Some key points listed in the articles:
- Deep tech, with its advanced scientific and engineering breakthroughs, addresses key challenges like energy sustainability and water scarcity, offering transformative solutions that advance the Sustainable Development Goals and foster global sustainability.
- Venture building is vital for deep tech startups, providing structured support, resources, and mentorship to develop ideas into market-ready businesses. Programs like UNDP’s Impact Venture Accelerator and Timbuktoo offer targeted funding and guidance to drive sustainable innovation and foster entrepreneurial ecosystems.
- Singapore’s deep tech ecosystem exemplifies a successful integration of academia, private sector, and government support. Institutions like NUS GRIP, A*StartCentral, and NTUitive provide essential resources, while private entities and government bodies offer investment and mentorship, fostering innovation and growth.
- Deep tech ventures face challenges like technical complexity, long R&D cycles, and high capital needs. Unlike software startups, they demand groundbreaking science and engineering, multidisciplinary approaches, and patient investors for extended development.
Read more in the article!