Singapore is seeking co-investors from the private sector with the goal to plow up to SG$150 million into its early-stage, deep tech startup community. It hopes to identify 10 to 15 such partners and target startups in three key sectors including health and biomedical sciences.
Led by Enterprise Singapore’s investment arm Seeds Capital, the initiative will tap funds from the Startup SG Equity scheme, under which the government may invest in funds or work with qualified third-party investors to make direct co-investments into eligible startups.
With the new call-for-partnership, Seeds said in a statement Thursday it aimed to refresh and diversity its current pool of 30 co-investment partners across the three deep tech sectors, including advanced manufacturing and engineering as well as urban solutions and sustainability. These market segments were aligned with the country’s Research, Innovation, and Enterprise 2020 (RIE2020) Technology Domains, which aimed to boost Singapore’s research capabilities and