S’pore adds another $440m in investment to boost growth of deep tech start-ups

Quick Summary:

The Government has also raised its equity cap for deep tech start-ups from $8M to $12M.

StageONe, set to launch in the first quarter of 2025, will feature a physical centre offering programmes and services to support start-ups in establishing their base in Singapore.

Through these challenges, large corporations will identify problem statements in areas such as AI, sustainability, as well as advanced manufacturing, and local start-ups and small and medium enterprises (SMEs) can apply to address these challenges and scale their solutions.

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Article Details

Category: EconomyBusiness

Markets: SingaporeNetherlands

Topics: Local Innovation Challenge Heng Singapore Start-up Tech Enterprise Start-ups Capital Open

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 15:05:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1255 words

Reading Time: 7 minutes read

Sentences: 49 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23280722

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