EDB Founder Programme Secures Over US$2 Billion for 45 Ventures as Singapore Backs Deep Tech
Updated
Updated · The Business Times · Jul 8
EDB Founder Programme Secures Over US$2 Billion for 45 Ventures as Singapore Backs Deep Tech
2 articles · Updated · The Business Times · Jul 8
Summary
More than US$2 billion in venture capital has been raised by over 45 ventures backed by Singapore’s EDB Global Founder Programme, which has worked with nearly 80 founders since its April 2025 launch.
Over half of those ventures are in AI and deep tech, a concentration Deputy Prime Minister Gan Kim Yong cited in Parliament as evidence that Singapore remains attractive to research and entrepreneurial talent.
Gan said the government has not seen export controls on critical and emerging technologies or related manpower hinder Singapore’s deep-tech development, arguing the city-state’s open business hub model preserves access to technology and partnerships.
Singapore is also widening support through A*Star scholarships, university talent pipelines and an extra S$1 billion under Startup SG Equity for early- and growth-stage deep-tech startups.
The broader push is aimed at strengthening resilience and competitiveness in sectors including semiconductors, while building capabilities in emerging fields such as quantum and space.
Singapore's deep tech funding is booming, but are its early-stage startups being left behind?
With billions invested in AI and quantum, what is Singapore's plan to manage the ethical risks?
As US tech policies tighten, can Singapore remain a neutral global hub for innovation?
Singapore’s Deep Tech Surge: 38 Unicorns, Global Founder Programme, and the Race for Innovation Leadership in 2026
Overview
As of July 2026, Singapore has firmly established itself as a major global startup hub, ranking 7th worldwide for the number of unicorn startups. The country is home to 38 unicorn companies, with FinTech leading the way, followed by strong activity in the Consumer and Retail sectors. Most of these high-growth startups are based in Singapore city, highlighting its role as the nation’s innovation engine. This vibrant ecosystem is supported by proactive government initiatives and strategic investments, making Singapore an attractive destination for entrepreneurs and investors seeking to build and scale innovative ventures in Asia.