The Economic Development Board's (EDB) Global Founder Programme has been a game-changer for Singapore's startup ecosystem, attracting over US$2 billion in VC funding and fostering the growth of 45+ new ventures. This initiative, launched in April 2025, has been instrumental in nurturing the next generation of tech leaders and entrepreneurs. With a focus on AI and deep tech, the programme has already made a significant impact, showcasing Singapore's commitment to innovation and technological advancement.
What makes this programme truly remarkable is its ability to attract top talent and create a thriving ecosystem. By working closely with 80+ founders, the EDB has not only supported the growth of these ventures but also contributed to Singapore's reputation as a hub for cutting-edge technology and entrepreneurship. The fact that over half of these ventures are in AI and deep tech is a testament to the programme's strategic direction and its alignment with the country's long-term goals.
In a world where countries are increasingly constraining the export of critical and emerging technologies (CET), Singapore's approach is particularly impressive. Deputy Prime Minister and Minister for Trade and Industry, Gan Kim Yong, assured the public that the government has not observed any export constraints hindering the development of Singapore's deep tech ecosystem. This is a crucial point, as it highlights the country's proactive stance in fostering a robust and resilient tech environment.
The government's efforts extend beyond the EDB programme. By expanding support through initiatives like the Startup SG Equity scheme, they are providing an additional S$1 billion in funding for early and growth-stage deep tech startups. This strategic move not only strengthens the deep tech ecosystem's resilience but also enhances Singapore's competitiveness in key industries such as semiconductors and emerging technologies like quantum and space.
What's truly fascinating is the government's commitment to staying ahead of the curve. As DPM Gan mentioned, they are closely monitoring global developments and working with international partners to safeguard Singapore's access to critical and emerging technologies. This forward-thinking approach ensures that Singapore remains a global leader in innovation and technology, even in the face of potential challenges.
In my opinion, the EDB Global Founder Programme and the government's broader initiatives are not just about attracting funding or fostering growth. They are about building a sustainable and thriving tech ecosystem that can drive economic growth and innovation. By nurturing talent, providing support, and staying agile, Singapore is setting an example for other nations to follow in the pursuit of technological excellence.
As we look to the future, it's clear that Singapore's commitment to deep tech and innovation will continue to pay dividends. The country's ability to attract top talent, foster entrepreneurship, and stay ahead of global trends positions it as a true leader in the tech space. The EDB Global Founder Programme is a shining example of how strategic initiatives can shape a nation's future, and I'm excited to see what other remarkable achievements Singapore will accomplish in the years to come.
