28 January 2020, Singapore: SGInnovate announced today that Founding CEO Steve Leonard will be concluding his term in May 2020. Steve will continue to serve as the CEO in the remaining months of his term to ensure a seamless transition of leadership.
As its Founding CEO, Steve has been instrumental in forming and building SGInnovate as an entity whose mission is to help entrepreneurial scientists build investable Deep Tech startups. Since its launch in 2016, the SGInnovate team has been part of building and investing in 90 Deep Tech startups, as well as creating an engaged deep tech community of more than 33,000 people.
“Helping to create and build SGInnovate has been my complete focus for four years. From imagining it in 2015 to its launch in 2016 and operating as a highly-professional group as we enter 2020, I feel tremendous personal pride. The conclusion of my current term in May represents a good time for organisational renewal. Every team moves forward based on fresh ideas and energy, and I’m very confident in the men and women of SGInnovate to continuously bring new capabilities to the deep tech startup ecosystem in Singapore,” said Steve.
SGInnovate remains committed to the mission of helping entrepreneurial scientists build and scale deep tech startups. It will continue to work closely with a wide range of partners and co-investors to back entrepreneurial scientists through equity-based investments, access to talent and business-building advice.
SGInnovate does not anticipate significant updates to its organisation structure. The teams across all functions have gained profound experience working with different parts of the deep tech ecosystem and are well-placed to continue driving the organisation’s mission.
Yong Ying-I, Chairman, SGInnovate said, “The Board and management want to thank Steve for his leadership in building up SGInnovate as a leading entity in Singapore to support entrepreneurs to build deep tech startups. We wish him every success in his future endeavours. SGInnovate will continue its work to build the deep tech ecosystem and entrepreneurial community as we look to the future.”
At SGInnovate, we build and scale Deep Tech startups into high potential companies with global impact. We believe that hard global problems can be solved using Deep Tech, and Singapore, where we are based, is uniquely positioned to realise Deep Tech innovations that can tackle these challenges. Our Deep Tech Nexus Strategy is focused on adding tangible value to the Deep Tech startup ecosystem in two key areas – development of Human Capital and deployment of Investment Capital. With the support of our partners and co-investors, we back entrepreneurial scientists through equity-based investments, access to talent and business-building advice. Our efforts are prioritised around emerging technologies such as Artificial Intelligence, Autonomous Tech, MedTech and Quantum Tech, which represent impactful and scalable answers to global challenges. SGInnovate is a private-limited company wholly owned by the Singapore Government. For more information, please visit www.sginnovate.com.
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