The EDB Global Founder Programme, launched in April 2025, has been a remarkable success story for Singapore's deep tech ecosystem. This initiative has fostered the growth of over 45 new ventures, collectively raising an impressive US$2 billion in venture capital funding. With a focus on artificial intelligence and deep tech, the programme has already worked with nearly 80 founders, showcasing Singapore's ability to attract top talent in these fields.
What makes this achievement even more notable is the timing. As countries start to impose constraints on the export of critical and emerging technologies (CET), Singapore's deep tech ecosystem has remained resilient. Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, assured the public that the government has not observed these export constraints impeding development. Instead, Singapore's open and vibrant ecosystem enables companies to access diverse sources of technology and partnerships, strengthening its competitiveness in industries like semiconductors and emerging technologies such as quantum and space.
The government's support for deep tech enterprises is multifaceted. Initiatives like the Startup SG Equity scheme have set aside an additional S$1 billion in funding for early and growth-stage deep tech startups. These efforts, combined with the EDB Global Founder Programme, are strengthening the deep tech ecosystem's resilience and competitiveness. As Gan Kim Yong emphasized, Singapore will continue to closely monitor global developments and collaborate with international partners to safeguard its access to critical and emerging technologies.
However, the programme's success raises a deeper question: How can Singapore sustain its position as a global business hub and a leader in deep tech innovation? The answer lies in the government's commitment to fostering a vibrant ecosystem, attracting talent, and providing support for startups. By leveraging its strong research and development foundation, Singapore can continue to build capabilities in emerging technologies and maintain its competitive edge in a rapidly changing global landscape.
In my opinion, the EDB Global Founder Programme is a testament to Singapore's ability to adapt and thrive in a challenging environment. It showcases the country's commitment to innovation and its willingness to embrace new technologies. As Singapore continues to invest in its deep tech ecosystem, it will undoubtedly remain an attractive destination for entrepreneurs and investors alike, positioning itself as a global leader in the field.
