SGInnovate says it would be renovating the 25,000 sf co-working space BASH at Block 79 to be more aligned with its three new focus areas. SGInnovate, which started in 2016, says it would intensify its focus on artificial intelligence (AI), blockchain, and medical technology — areas identified by the government-backed private enterprise to have a major impact on most industries. There will be more private rooms in the new BASH as some AI-based startups may be dealing with confidential data.
Steve Leonard, the chief executive of government-backed investment organisation SGInnovate, talked about Singapore’s strong fundamentals of capital, connectivity and its existing entrepreneurial community which translated to a strong foundation for further growth of Singapore’s startup ecosystem, despite growing global competition.
Over S$25 million will be committed by the government to "bold measures" that will nurture a healthy innovation ecosystem in Singapore. This was announced by Minister Heng Swee Keat at the opening of the Singapore Week of Innovation & TeCHnology (SWITCH).
Finance Minister Heng Swee Keat announced the launch of the two new programmes at the opening of the Singapore Week of Innovation and Technology - a polytechnic incubator programme and an entrepreneurial training programme for researchers.
Singapore is a leading tech hub, but domestic entrepreneurs lack meaningful visions, according to Grace Sai, CEO and co-founder of Impact Hub Singapore. Sai was speaking during SWITCH, the Singapore Week of Innovation and Technology