• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Singapore – The New Hub for Deep Tech

by
January 7, 2021
in Uncategorized
0
Singapore – The New Hub for Deep Tech
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Singapore is fast becoming a new hub for tech startups, especially deep tech. Deep tech refers to tech startups creating innovations from scratch. This means tech startups that do not rely on or build on already existing technological breakthroughs.

Most deep tech startups are the result of countless research by Ph.D. students and scientists. Most of this research occurs in university research centers like the National University of Singapore’s (NUS) Graduate Research Innovation Programme (GRIP) in Singapore. These programs create an enabling environment for innovation to take place because they provide Ph.D. researchers and research scientists with the resources they need while still being able to complete their studies.

Notably, the term deep tech was formed by Swati Chaturvedi, CEO of investment firm Propel(x). A major example of one of Singapore’s deep tech startups is Zilliqa.

Related articles

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

April 10, 2021
LTC Price Prediction

LTC Price Prediction

April 10, 2021
Zilliqa Deep Tech Status

Popularly known as a public, permissionless blockchain, Zilliqa boasts of being able to offer high throughput and better scalability as compared to other blockchains available today. The platform also claims to be able to securely carry out thousands of transactions in just one second. Zilliqa is a deep tech platform because its technology was built from scratch. It is the first blockchain platform to incorporate sharding technology.

The platform, according to a recent tweet, was “born out of lecture halls and laboratories,” hence confirming its deep tech status.

🗞Born out of lecture halls and laboratories and now backed by government support, #deeptech startups are thriving in #Singapore — but success doesn’t come overnight.

Our Co-CEO & Chief Commercial Officer @ColinMiles discussed this with @e27co: https://t.co/LvX8ldSTP8 – AN

— Zilliqa (@zilliqa) December 30, 2020

Speaking on this in an interview with e27, Colin Miles, CCO of Zilliqa, pointed out that a lot of time and resources have gone into the academic aspect of many deep tech startups, Zilliqa inclusive. Another major deep tech startup birthed from the NUS incubation program is Breathonix. It was founded in 2019 and recently designed a breath test that could help detect the presence of COVID-19 in about 60 seconds.

Why the Focus on Deep Tech?

There are a lot of important reasons why the Singapore government is looking to grow its deep tech space.

  • For one, it hopes to ensure it has a competitive advantage as compared to countries within its region. When compared to large economies like Indonesia and Vietnam, Singapore’s economic sphere is quite small. Turning to the deep tech space will provide it with comparable, if not better, footing in the global economic space.
  • The deep tech space is also a niche Singapore can easily spearhead. Its educational system and strong research base further make this feat achievable.

Another major innovation brought to life by SGInnovate is PowerX. SGInnovate is a Singapore government initiative focused on growing the deep tech ecosystem.

Current Challenges
  • Topping the list of challenges faced by deep tech startups is FUNDING. Investing in deep tech startups requires a lot of funds. It is also a high-risk investment area as the innovation in question may fail as opposed to already existing tech startups.
  • Other important challenges include creating effective awareness that is sure to drive adoption and poor business management skills as most deep tech founders are “entrepreneurial scientists.”
Solutions

Seeing that a major issue in the Singaporean deep tech space is funds, the government put forward a special budget. In 2020, the government set aside S$300 million (US$224 million) to help fund deep tech startups.

Just last month, Seeds Capital made a call for about 10 to 15 private investors to help invest S$150 million (US$112 million) in deep tech startups.

Interestingly, popular crypto-friendly travel booking platform Travala.com recently added support for ZIL tokens. Now ZIL can be used in booking the platform’s over 2.2 million hotels globally.

Zilliqa (ZIL) Price

At the time of publication, ZIL was trading at $0.077923 with a market cap of $862,392,240 and a 24-hour trading volume of $306,791,093.

Join us on Telegram to receive free trading signals.

Find out more about the crypto and blockchain sphere on the Altcoin Buzz YouTube channel.

The post Singapore – The New Hub for Deep Tech appeared first on Altcoin Buzz.

Share76Tweet47

Related Posts

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

by
April 10, 2021
0

Cryptocurrency markets have gathered fresh gains this weekend, as bitcoin’s value spiked above the $60k handle touching $61,222 per unit...

LTC Price Prediction

LTC Price Prediction

by
April 10, 2021
0

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an...

All that mined is not green: Bitcoin’s carbon footprint hard to estimate

by
April 10, 2021
0

The impact of BTC mining on the environment has turned into a debate — here’s what academics think and if...

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’

by
April 10, 2021
0

Isabel Schnabel, a board member with the European Central Bank (ECB), has attacked bitcoin claiming the crypto asset “does not...

P2P Trading Soars: Are we Witnessing a Backlash from Disgruntled “Centralized Platform” Investors?

by
April 10, 2021
0

The headlines in trading cryptocurrency belong these days to a range of decentralized platforms, including decentralized exchanges (DEXs) that still...

Load More
  • Trending
  • Comments
  • Latest
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021

Mark Cuban Invests in Mintable

March 6, 2021
Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

Only 5% of Financial Executives Want to Invest in Bitcoin in 2021, According to Survey

February 17, 2021

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion

April 10, 2021
LTC Price Prediction

LTC Price Prediction

April 10, 2021

All that mined is not green: Bitcoin’s carbon footprint hard to estimate

April 10, 2021

An ECB Board Member Attacks Bitcoin, Says It ‘Does Not Fulfill the Basic Properties of Money’

April 10, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • Alt Season
  • altcoin
  • Altcoin Market Cap
  • Altcoin News
  • altcoin prices
  • altcoins
  • Altseason
  • Barstool Sports
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin ETF
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • Cardano Upgrade
  • Cash app
  • CFTC
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Oracles
  • Chainlink Price Prediction
  • Changpeng Zhao
  • Charles Hoskinson
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Commodity Futures Trading Commission
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • Dave Portnoy
  • Decentraland (MANA)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Filecoin (FIL)
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LINK)
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Maker (MKR)
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • Moneygram
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Signal
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • Stimulus Bill
  • Stimulus Check
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Theta Network (THETA)
  • Theta Token
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • WhatsApp
  • World
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP Army
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Youtube
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.