SGInnovate explained

SGInnovate
Type:	Investment
Industry:	Deep technology
Predecessors:	-->
Successors:	-->
Founders:	--> Steve Leonard (Founding CEO)
Hq Location City:	Singapore
Hq Location Country:	Singapore
Key People:	Lim Jui (CEO) Yong Ying-I (Chairman)
Owner:	Government of Singapore

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

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.^[5]

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.

In 2021, SGInnovate announced a three year partnership with Singhealth to advance healthcare AI.^[6]

See also

• Venture capital
• Deep tech
• Private equity
• Seed money

Notes and References

1. Web site: 20 November 2017 . Helping founders launch, prove and scale deep tech products borne out of science research . 22 August 2019 . SGInnovate.
2. Web site: Cheok . Jacquelyn . 23 November 2016 . SGInnovate launched to unify innovation efforts in Singapore . 16 August 2022 . The Business Times.
3. Web site: Tan . Zhixin . 24 September 2019 . Characteristics of Singapore's deep tech sector, based on a study by SGInnovate . 16 August 2022 . KrASIA . en.
4. Web site: Chia . Jie Lin . 14 December 2018 . Juliana Lim, Head of Talent Networking, SGInnovate, Singapore . 16 August 2022 . GovInsider . en-US.
5. Web site: Cheok . Jacquelyn . 29 November 2017 . SGInnovate to invest in 20 start-ups, engage 15,000 participants under new deep tech strategy The Straits Times . 16 August 2022 . The Straits Times . en.
6. Web site: Staff . TechNode Global . 9 November 2021 . Singapore’s SingHealth and SGInnovate announce three-year partnership to advance healthcare AI . 1 December 2023 . TNGlobal . en-US.