The Singapore Deep-Tech Alliance (SDTA) and Innovate UK introduced eight companies from the United Kingdom at their inaugural joint Technology Showcase Day on 17th October. The event marked the culmination of an eight-month programme where these companies have been working with the SDTA under Innovate UK's Global Incubator Programme.
As part of the initiative, the participating businesses received individual coaching, mentoring and expert sessions, enabling them to secure projects and investment in Singapore. The showcase aimed to connect these innovative UK-based startups with potential investors and business partners, as they seek to bring their advanced manufacturing solutions to Singapore and the global stage.
The graduating companies from the Innovate UK Global Incubator Programme included dRISK, an AI company improving autonomous vehicle efficacy and safety; JIVA who is simplifying AI with their No-Code Multimodal AI Platform; New Wave Biotech developing integrated hardware and software solutions to facilitate alternative proteins from precision fermentation.
Vision Intelligence aims to enhance manufacturing productivity through real-time insights on manual production operations, while Evo Software is a cloud-based software platforms and app developer. Other graduates included Synthotech, an innovative engineering solutions provider for the global utility market; MESTEC, a manufacturing SaaS company focused on operational performance, and Synbiosys, an AI tool designed to accelerate the adoption of new manufacturing processes and materials.
"Throughout the Innovate UK Global Incubator Programme Singapore, the eight companies have exceeded our expectations time and time again," noted Clara Chen, Co-Founding Managing Partner of SDTA. "This showcase was a significant opportunity for this year's cohort to gain attention from key industry stakeholders."
Luuk Eliens, Co-Founding Managing Partner of SDTA also expressed his enthusiasm in the partnership. "By tapping into our external network and Singapore's innovation ecosystem, we believe there is a major opportunity for UK based companies to gain a foothold into the local markets. Singapore Deep-Tech Alliance is proud to see some of the portfolio companies already achieving traction in the local market," he stated enthusiastically.
Jon Hazell, Partnership Manager, Global Incubator, Innovate UK, echoed this sentiment, saying, "We are happy to partner with Singapore Deep-Tech Alliance to create opportunities for advanced manufacturing companies to develop solutions that can be deployed in Singapore and the rest of the ASEAN region."
The eight participating companies are now seeking local partnership or funding opportunities, from seed to series A stages. The success of Innovate UK's Global Incubator Programme with SDTA only underscores the bright future for British companies in the Asian market.