Most early-stage founders still are unable to establish or articulate real-world business problems their startups want to solve, which can hinder their ability to attract investors, says StartupX CEO.
Grants will be offered to help startups pilot their projects and a new zone has been dedicated to testbed drone technologies for maritime applications, as the country aims to be "Silicon Valley of the maritime world".
Enterprise Singapore's Seeds Capital is calling for 10 to 15 "private-sector partners" to co-invest in deep tech startups and plow SG$150 million ($112 million) into these early-stage companies, focusing on three key sectors including health and biomedical sciences.
New Tech.Pass initiative to lure entrepreneurs and technical experts with experience in 'established or fast-growing' tech companies to the lion state is part of the government's efforts to develop a local tech business hub.
Breathonix has developed a breath test that it says can detect COVID-19 infection within a minute and at an accuracy rate of more than 90%, based on clinical trials.
Shell, Chevron, ExxonMobil, and ConocoPhillips have joined hands with Enterprise Singapore in their call for startups to pitch and testbed digital solutions to help resolve challenges in their sector, specifically, around robotics, sustainability, work flow, and asset management.
Singapore-based online property marketplace locks in SG$300 million ($220.65 million) in funds, which it says will go towards beefing up its digital offerings and further drive its expansion plans across key markets such as Vietnam and Malaysia.
Facebook co-founder Eduardo Saverin's VC firm has secured $820 million in its second fund, which it says comes amidst a new digital age where entrepreneurs will be looking for ways to drive connectivity between systems, companies, and people.
Thriving startup ecosystem and string of unicorns in Southeast Asia have helped create a new wave of entrepreneurs who are investing in other startups, offering access to new capital that may not have existed before.
Monetary Authority of Singapore has joined hands with Deloitte and S&P Global Market Intelligence in efforts to build a 'research platform', so investors and financial institutions can access information about fintech startups that they view as prospective investments.