Singapore Deep Tech Startups Face Series B Funding Gap: SGInnovate | SGInnovate

SGInnovate Website Maintenance Notice & will be temporarily unavailable from 05 Dec 2022, 22:00 to 06 Dec 2022, 08:00 (SGT).

We apologise for any inconvenience and thank you for your patience during this time.


Singapore Deep Tech Startups Face Series B Funding Gap: SGInnovate

Wednesday, September 04, 2019

The Business Times featured an article based on an interview with Tong Hsien-Hui, Head of Venture Investing at SGInnovate, on the challenges that Deep Tech startups face beyond the early stage. According to Hsien-Hui, early funding stages tend to be well-taken care of because of the government’s strong push to commercialise more Deep Tech companies, but challenges arise from the Series B stage onwards when the needs of the business are beyond what can be funded by its founders and early-stage investors. A Deep Tech investments white paper published by SGInnovate found that investors remain cautious about the Deep Tech sector despite the compelling proposition of defensible technologies paired with smart business models. More work needs to be done to educate limited partners on the potential of returns in the sector. As Singapore’s startup ecosystem matures, it is important that Deep Tech funding comes from local investors as well. Hsien-Hui added that while foreign investment is welcome, investors might bring the company to where the returns are best and be agnostic to national interest.

Original article: The Business Times

Topics: Investments, Startup and Corporate Open Innovation

Share this with your network!