Deep tech on the radar of EDB's corporate investment arm

Singapore

DEEP tech firms now account for over a third of the portfolio of EDBI, the Singapore Economic Development Board's (EDB) corporate investment arm. In the past three years, EDBI has also doubled both the number of its portfolio firms in healthcare, and its share of investment in Asia, in an indication of its evolving investment direction.

The approach is one of "bridging Western and Eastern ecosystems with Singapore as the core and base for its portfolios", EDBI chief executive officer and president Chu Swee Yeok told The Business Times.

Over 40 per cent of EDBI's investments are in Asia, up from just 20 per cent three years ago. This is in light of the "bifurcation of Western and Eastern technolog…