SGInnovate
TypeInvestment
IndustryDeep technology
Founded22 November 2016 (2016-11-22)
FounderSteve Leonard (Founding CEO)
Headquarters,
Singapore
Key people
Lim Jui (CEO)
Yong Ying-I (Chairman)
OwnerGovernment of Singapore
Websitewww.sginnovate.com

SGInnovate is a government-owned innovation platform in Singapore centred on the development of deep technology.[1][2] It was established in 2016 to consolidate innovation activities in Singapore. SGInnovate was founded to advance and scale deep technology products from Singapore.[3][4][5]

SGInnovate manages a portion of the Startup SG Equity fund worth $200 million. It co-invests in startups that specialize in research-driven technology. It works with universities, polytechnics, and ecosystem companies and organisations.[6]

History

In 2017, SGInnovate announced Deep Tech Nexus. SGInnovate announced that it will invest in at least 20 startups founded in Singapore, and will host 15 thousand participants over more than 150 events in 2018.[6]

In 2021, SGInnovate announced a 3 year partnership with Singhealth to advance healthcare AI.[7]

See also

References

  1. SGInnovate. (2017, August 17). SGInnovate Factsheet. https://sginnovate.com/sites/all/themes/newsginnovate/pdf/SGInnovate%20Factsheet%20-%207%20Aug%202017.pdf
  2. "Helping founders launch, prove and scale deep tech products borne out of science research". SGInnovate. 2017-11-20. Retrieved 2019-08-22.
  3. Cheok, Jacquelyn (23 November 2016). "SGInnovate launched to unify innovation efforts in Singapore". The Business Times. Retrieved 2022-08-16.
  4. Tan, Zhixin (2019-09-24). "Characteristics of Singapore's deep tech sector, based on a study by SGInnovate". KrASIA. Retrieved 2022-08-16.
  5. Chia, Jie Lin (2018-12-14). "Juliana Lim, Head of Talent Networking, SGInnovate, Singapore". GovInsider. Retrieved 2022-08-16.
  6. 1 2 Cheok, Jacquelyn (2017-11-29). "SGInnovate to invest in 20 start-ups, engage 15,000 participants under new deep tech strategy | The Straits Times". The Straits Times. Retrieved 2022-08-16.
  7. Staff, TechNode Global (2021-11-09). "Singapore's SingHealth and SGInnovate announce three-year partnership to advance healthcare AI". TNGlobal. Retrieved 2023-12-01.

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