The Economic Development Board's (EDB) Global Founder Programme has been a game-changer for Singapore's deep tech ecosystem, attracting over $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 entrepreneurs and researchers, particularly in AI and deep tech. But what makes this programme so remarkable is its ability to navigate the challenges posed by global export constraints on critical and emerging technologies (CET).
In my opinion, the EDB's Global Founder Programme is a shining example of how governments can support and nurture their deep tech ecosystems. By providing access to funding, mentorship, and a supportive environment, the programme has created a vibrant community of founders and researchers who are pushing the boundaries of innovation. This is especially important in a world where countries are increasingly restricting the export of CET and associated manpower.
One thing that immediately stands out is the programme's focus on AI and deep tech. Over half of the ventures supported by the programme are in these fields, which are at the forefront of technological advancement. This is not just a coincidence; it reflects a strategic decision by the EDB to invest in areas that are likely to have the greatest impact on the future of technology and industry. What many people don't realize is that this focus on AI and deep tech is not just about the technology itself, but also about the skills and talent that are being developed in these fields.
From my perspective, the EDB's Global Founder Programme is a testament to the power of collaboration and innovation. By bringing together founders, researchers, and investors, the programme has created a dynamic ecosystem where ideas can be nurtured and developed into successful ventures. This is particularly fascinating because it shows how a government can play a pivotal role in fostering a thriving deep tech community, even in the face of global challenges. The programme's success is not just about the funding it has attracted, but also about the skills and knowledge that are being developed in Singapore.
A detail that I find especially interesting is the programme's ability to attract leading research and entrepreneurial talent. Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong highlighted that Singapore has remained attractive to top talent, and the EDB's programme is a key reason for this. This is not just a matter of attracting talent; it is about nurturing and developing the skills and knowledge that are essential for Singapore's future success. The programme's focus on AI and deep tech is particularly important in this regard, as these fields are likely to be at the forefront of technological advancement in the coming years.
What this really suggests is that the EDB's Global Founder Programme is not just a funding initiative; it is a strategic investment in Singapore's future. By supporting the growth of AI and deep tech ventures, the programme is helping to build a resilient and competitive deep tech ecosystem that can thrive in a rapidly changing world. This is a powerful example of how governments can play a proactive role in shaping the future of technology and industry, and it is something that should be celebrated and emulated by other countries.
In conclusion, the EDB's Global Founder Programme is a remarkable example of how governments can support and nurture their deep tech ecosystems. By providing access to funding, mentorship, and a supportive environment, the programme has created a vibrant community of founders and researchers who are pushing the boundaries of innovation. This is particularly fascinating because it shows how a government can play a pivotal role in fostering a thriving deep tech community, even in the face of global challenges. The programme's success is a testament to the power of collaboration and innovation, and it is something that should be celebrated and emulated by other countries.
