Singapore’s tech scene in first quarter 2024 looked at news items and headlines across a variety of industries and issues, including: Singaporean semiconductors set for fabrication in Italy; the city-state’s Monetary Authority advises banks to prepare for the impacts of quantum technologies; Singapore-Malaysia cooperation on beating cross-border ‘phone- and cyber-scams; a look at the Singapore Government Tech Stack, a bid for all-of-body standardization of application development; and more.
In March 2024 | In February 2024 | In January 2024
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Singapore tech: March 2024
- Singapore: 70/30 Food Tech closes $700K seed extension round, launching R&D lab in India’s Bangalore for fungi mycelium-based protein products / read it here
- Singapore’s Silicon Box semiconductors firm to invest $3.5BN in Italy to build a chip fabrication facility in the country’s north / read it here
- Singapore: SynPhNe lands $5M Series A with wearable tech for treatment of neurological disorders including ageing challenges – memory and functional decline – chronic stress and pain / read it here
- Singapore: Japan’s Toppan breaks ground on Singapore semiconductor packaging materials plant, targeting production of chip substrates by year-end 2026 / read it here
- Singapore: Infocomm Media Development Authority partners STABILITY Protocol blockchain for IMDA’s TradeTrust, aiming for trusted interoperability of electronic trade documents across digital platforms / read it here
- Monetary Authority of Singapore has advised financial institutions to prep for post-quantum cryptography and quantum key distribution tech / read it here
- India’s Tech Mahindra IT services major partners IBM for ‘Synergy Lounge’ in Singapore, looking to boost enterprise-level adoption of next-gen tech services AI, automation, cloud computing and beyond / read it here
- Singapore: ANEXT Bank secures $148M in new funding from parent Ant Group with focus on cross-border digital banking and transactions for SMEs / read it here
- Singapore: StealthMole AI-backed cybersec firm raised US$7M Series A, aiming to build on business-to-gov’t base wth enterprize-level investigation, risk assessment and threat monitoring / read it here
- Singapore: Pyxis maritime tech startup unveils first of all-electric port passenger vessel, X Tron / read it here
- Monetary Authority of Singapore extends ban on remittances to China in light of lack of action by PRC authorities to freeze channels / read it here
- A brief overview of the opportunities for Australia, Singapore and Malaysia to collaborate on addressing the various cyber issues that each nation faces / read it here
- Startup Island TAIWAN and Singapore’s Action Community for Entrepreneurship ink MOU to facilitate ‘soft landing’ support for startups in both countries / read it here
Canton Project Pilot Project Results – Tokenized Real World Assets
Singapore tech news: Feb 2024
- Singapore: Mesh Bio health-tech startup raised $3.5M Series A with ‘digital twins’ technology, using wide-angle data to model and personalize patient health treatments
- Singapore Government Tech Stack – platform tools that streamline and simplify development, enabling code reuse across the whole of government in building secure, high quality applications
- Singapore: Startale Labs secured $3.5M Series A with infrastructure for web3 and dApp deployments, building on upcoming collaboration with division of Sony
- Singapore: Oobit mobile payments startup raised $25M, part-backed by Tether, to advance adoption of cryptocurrency as a standard payment option for consumers
- Singapore: Amperesand secures $12.5M to industrialize and manufacture direct current-focused compact, modular, and scalable solid-state transformer for fast EV charging
- Singapore: An intro to Magorium, replacing bitumen in asphalt with depolymerised plastic to recycle waste and minimize incineration of plastics
- Singapore: Meta Fantasy takes AI Trailblazers Transformation Award at Google AI Trailblazers Programme with goal of simple-to-create virtual 3D spaces for users, via suite of AI-generated 3D space tools
- Singapore’s RizqX fintech takes 2nd place at Venture Z startup competition in Saudi Arabia with Shariah-compliant investment options
- Singapore and Malaysia ink MOU to increase cross-border cooperation to tackle scams across telecommunications channels
- China’s BYD EV maker plans growth in sales outlets in Singapore and the Philippines, building on Indonesia launch
XPrize quantum technologies competition
Singapore tech: January 2024
- Singapore Green Plan 2030, a whole-of-nation movement to advance Singapore’s national agenda on sustainable development
- Singapore: Qashier launches a plug-and-play, WiFi- and SIM-enabled, QR payments terminal capable of real-time auditory alerts, focusing on SMEs
- Here’s a brief look at 10 Singaporean startups and 12 Singapore venture capital firms operating in the MENA region
- Singapore’s Temasek-owned Accuron acquired France’s Recif Technologies, a company specialising in design, manufacture and instal of robotic equipment for semiconductor wafer-handling
- Standard Chartered SC Ventures to open Abu Dhabi office in move to tap UAE’s fast-growing tech, innovation and business ecosystems
- Singapore’s Scorpio Electric e-scooters contracts China’s BYD for assembly of first product in Shenzhen, with initial production using Samsung batteries but BYD batteries considered for future units
- Singtel adds Starlink satellite comm’s to digital options for ship owners and operators, seeing benefits of advanced tech in improved safety, efficiencies, fuel consumption and more
- Singapore: Salesforce launched its Startup Program in the city-state, looking to tap the local tech, innovation and startup ecosystem with the potential for Salesforce Ventures investment
- Singapore University of Technology & Design to launch ‘Baby Shark Fund’, allocating Sg$3.2M for student projects, complementing funding geared toward more advanced projects
- Singapore: Infocomm Media Development Authority sets Sg$30 million for Green Computing Funding Initiative
- Telstra’s global arm, Telstra International, partners Trans Pacific Networks consortium to build and operate subsea Echo Cable to connect the US to Singapore
- Singapore’s InnoVen Capital launches second China fund, InnoVen China Fund II, USD-RMB dual-currency fund targeting a total size of $250M to back early-stage mainland China startups
- An overview of the bitcoin ETF space, focusing on readiness in Australia, Hong Kong, Singapore and the United Arab Emirates
Critical technologies, globally: News in March 2024
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