Even with growing interest from venture capital, there are still hurdles for the ecosystem to overcome
[SINGAPORE] More venture capital (VC) firms are expanding into deep tech, prompting investors to seek startups with stronger technological barriers to entry.
This all comes as Singapore ramps up support for the sector, and as artificial intelligence commoditises software development.
Deep tech refers to advanced technologies that derive their competitive advantage from scientific or engineering breakthroughs; examples include quantum technology and frontier AI.