SGInnovate

SGInnovate is a unique, government-backed organization based in Singapore, dedicated to fostering the growth of Deep Tech startups. Wholly owned by the Singapore Government, its core mission is to act as a catalyst for innovation, bridging the gap between scientific research and commercial viability. They focus on empowering entrepreneurial scientists to transform their groundbreaking ideas into viable businesses, thereby strengthening Singapore's position as a global hub for advanced technologies.

The organization's investment strategy is sharply focused on early-stage Deep Tech companies, typically spanning pre-seed, seed, and Series A rounds. SGInnovate actively invests in critical domains such as Artificial Intelligence, Quantum Computing, MedTech, Advanced Manufacturing, and Sustainable Solutions. Beyond capital, they provide comprehensive support, including talent development, mentorship, and access to a vast network of industry experts, corporate partners, and co-investors. This holistic approach is designed to accelerate the development and market entry of complex technological solutions.

SGInnovate's typical first cheque sizes demonstrate their commitment to nurturing nascent Deep Tech ventures. They generally provide initial investments ranging from approximately US$185,000 (S$250,000) for very early-stage or pre-seed companies, extending up to around US$3.7 million (S$5 million) for leading or co-leading Series A rounds. Their portfolio is extensive, comprising over 200 Deep Tech startups that are driving innovation across various sectors. This significant financial backing, coupled with their strategic support, plays a crucial role in de-risking early-stage Deep Tech development and attracting further private capital into Singapore's vibrant innovation ecosystem.