Singapore must grow deep-tech start-ups: Expert

More investment in higher-risk sectors will boost start-up scene

Dr Wong Poh Kam (left), director of the NUS Entrepreneurship Centre, with ProSpace chief executive Steve Ong at the Kashiwa-no-ha smart city in Chiba prefecture, east of Tokyo.
Dr Wong Poh Kam (left), director of the NUS Entrepreneurship Centre, with ProSpace chief executive Steve Ong at the Kashiwa-no-ha smart city in Chiba prefecture, east of Tokyo.ST PHOTO: WALTER SIM

Not enough government money was pumped in to support deep-technology start-ups, a leading Singapore industry expert said yesterday, though the launch of government-owned firm SGInnovate marks a step in the right direction.

Dr Wong Poh Kam, director of the National University of Singapore (NUS) Entrepreneurship Centre, said more investment in higher-risk sectors with a longer gestation period will be required for the Republic's start-up scene to mature and develop critical expertise.

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A version of this article appeared in the print edition of The Straits Times on November 03, 2018, with the headline 'S'pore must grow deep-tech start-ups: Expert'. Subscribe