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 since its launch in April 2025. This initiative has fostered the growth of 45 new ventures, with a significant focus on artificial intelligence and deep tech, showcasing Singapore's prowess in nurturing innovation and attracting global talent.
What makes this programme particularly impressive is its ability to catalyze such substantial funding in a relatively short period. The fact that over half of these ventures are in AI and deep tech highlights Singapore's strategic focus on these sectors, which are pivotal for the country's future economic growth and global competitiveness. This is especially crucial in a rapidly evolving global landscape where countries are increasingly constraining the export of critical and emerging technologies (CET).
Deputy Prime Minister Gan Kim Yong's statement in Parliament underscores the resilience of Singapore's deep tech ecosystem. Despite the challenges posed by export constraints, Singapore's open and vibrant ecosystem, coupled with its strong research and development foundation, has enabled companies to access diverse technology sources and forge valuable partnerships. This is evident in the Startup SG Equity scheme, which has allocated an additional S$1 billion in funding for early and growth-stage deep tech startups, further bolstering the sector's resilience and competitiveness.
The EDB programme's success is a testament to Singapore's proactive approach to fostering innovation and attracting talent. By providing a supportive environment for founders and startups, the programme has not only facilitated the growth of new ventures but has also contributed to the overall economic development of the country. This is particularly significant in the context of a global talent war, where Singapore is positioning itself as a leading hub for research and entrepreneurship.
In my opinion, the EDB Global Founder Programme is a strategic move that aligns with Singapore's long-term vision of becoming a global innovation hub. The programme's focus on AI and deep tech is not just a coincidence but a deliberate effort to capitalize on the country's strengths and future-proof its economy. As Singapore continues to navigate the challenges of a rapidly changing global landscape, initiatives like this will play a pivotal role in ensuring the country's sustained growth and competitiveness.
