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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