SGInnovate

Last updated
SGInnovate
TypeInvestment
IndustryDeep technology
Founded22 November 2016;7 years ago (2016-11-22)
FounderSteve Leonard (Founding CEO)
Headquarters,
Singapore
Key people
Lim Jui (CEO)
Yong Ying-I (Chairman)
Owner Government of Singapore
Website www.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]

Contents

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

Related Research Articles

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

<span class="mw-page-title-main">UST (company)</span> American technology company

UST, formerly known as UST GLOBAL, is a provider of digital technology and transformation, information technology and services, headquartered in Aliso Viejo, California, United States. Stephen Ross founded UST in 1998 in Laguna Hills. The company has offices in the Americas, EMEA, APAC, and India.

<span class="mw-page-title-main">Agency for Science, Technology and Research</span> Government agency in Singapore

The Agency for Science, Technology and Research (A*STAR) is a statutory board under the Ministry of Trade and Industry of Singapore.

Corporate venture capital (CVC) is the investment of corporate funds directly in external startup companies. CVC is defined by the Business Dictionary as the "practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise; the objective is to gain a specific competitive advantage." Examples of CVCs include GV and Intel Capital.

Blumberg Capital is an early-stage venture capital firm that partners with entrepreneurs to innovate and build technology companies. The firm specializes in leading Seed and Series A rounds collaborating with angel investors, other venture capital firms and strategic partners. Blumberg Capital is headquartered in San Francisco with team members in Tel Aviv, Miami, and New York. Blumberg Capital was founded in 1991 by David J. Blumberg. The firm's investments typically range from $500,000 to $5-million with additional amounts reserved for follow-on funding.

Tembusu Partners is a boutique Singapore-based private equity firm which invests in venture to growth stage companies in technology, education and healthcare sectors. The firm also previously facilitated the Singapore Valley Awards - an entrepreneurship initiative to award local university students with internships at leading innovation companies in China.

<span class="mw-page-title-main">Spiking (fintech)</span>

Spiking is a social trading platform providing financial information about 10 stock exchange markets in Asia and Australia. By processing the latest disclosures published on the markets, the platform allows investors to track stocks for moves made by company directors and substantial shareholders. It also provides other relevant information, like the main shareholders of companies or the portfolios of sophisticated investors.

Intel Capital is a division of Intel Corporation, set up to manage corporate venture capital, global investment, mergers and acquisitions. Intel Capital makes equity investments in a range of technology startups and companies offering hardware, software, and services targeting artificial intelligence, autonomous technology, data center and cloud, 5G, next-generation compute, semiconductor manufacturing and other technologies.

OurCrowd is an online global venture investing platform that empowers institutions and individual accredited investors to invest and engage in emerging technology companies at an early stage while still privately held. Based in Jerusalem, the company launched in February 2013, and has since opened overseas branches in the United States, the United Kingdom, Canada, Australia, Spain, Singapore, Brazil, and the UAE.

Softeq Development Corporation is a privately-held, full-stack development company focusing on low-level programming hardware,, and software apps for web, desktop, and mobile. Softeq builds end-to-end IoT and cloud infrastructure solutions, and provides technology business consulting services, and is an ISO 13485:2016 company with certified partnerships with Amazon, Microsoft, and Xamarin. Softeq serves Fortune Global 500 companies: Verizon, Epson, Purple Innovations, Microsoft, Lenovo, AMD, Disney, Intel, NVIDIA, and Halo by PAWS. From 2018 to 2021 Softeq appeared in Inc. 5000, the annual rankings of the fastest-growing privately-held companies in the United States. Softeq company is headquartered in Houston, TX with development centers in Vilnius, Lithuania, and Monterrey, Mexico with offices in Munich, Germany, and London, United Kingdom. Softeq has over 500 employees globally.

<span class="mw-page-title-main">Carousell (company)</span> Mobile and online marketplace

Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace for buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.

<span class="mw-page-title-main">Grab (company)</span> Singaporean technology company

Grab Holdings Inc. is a Singaporean multinational technology company headquartered in One-North, Singapore. It is the developer of a super-app for ride-hailing, food delivery and digital payments services on mobile devices that operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand and Vietnam.

Entrepreneur First is an international talent investor, which supports individuals in building technology companies. Founded in 2011 by Matt Clifford and Alice Bentinck, the company has offices in Toronto, London, Berlin, Paris, Singapore, and Bangalore.

Voleo is a Canadian-based financial services company, headquartered in Vancouver, BC. Voleo is transforming retail investing through its collaborative investment club platform. Voleo enables users to form investment clubs with people they trust to democratically manage a portfolio in publicly traded securities. Voleo has increased retail investor participation in the stock market by breaking down barriers to entry, facilitating trust and improving financial literacy.

<span class="mw-page-title-main">Cera Care</span> UK home care company

Cera Care is a digital-first healthcare-at-home company delivering care, nursing, telehealth and repeat prescription services in people’s homes via technology. Founded in 2015, the company provides elderly and vulnerable communities with care in their own homes, and allows families to arrange the care.

<span class="mw-page-title-main">Quest Ventures</span>

Quest Ventures is a venture capital firm founded in 2011 by James Tan and Wang Yunming in Beijing, China. The firm mainly focuses on digital commerce investments and has an office in Singapore. The firm deploys funds across Asia in countries such as Singapore, Malaysia, Vietnam, and Indonesia. Quest Ventures is also the largest anchor tenant at JTC Launchpad.

<span class="mw-page-title-main">Business Angel Network of Southeast Asia</span> Venture capital company in Singapore

Business Angel Network of Southeast Asia (BANSEA) is an angel investment network based in Singapore that provides information to potential investors about newly established businesses. The stated goal of BANSEA is to create business opportunities for angel investors, and aid in the development of profitable business networks.

<span class="mw-page-title-main">CapBridge</span>

CapBridge is an online investment platform, headquartered in Singapore. It was founded in 2015 and backed by Singapore Exchange. CapBridge was approved by the Monetary Authority of Singapore (MAS), Government of Singapore to operate both a primary capital raising platform utilizing a Capital Markets Securities License, and a private securities exchange - 1exchange with a Recognized Market Operator license.

DeepRoute.ai is a self-driving technology company headquartered in Shenzhen and Fremont, California and is focused on advancing urban logistics and popularizing robotaxis.

The Global Innovation Fund (GIF) is a non-profit investment fund. It invests in the development, testing, and scaling of social innovations with the potential to have a measurable impact on the lives of those living on less than $5 per day, such as new products, services, business processes, and policy reforms. It is headquartered in London with offices in Washington, D.C., Nairobi and Singapore.

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.

[1]