An advantage of being trusted by SEEDS Capital is access to government-approved venture capital companies. SSC works with over 500 deep-tech startups and over 40 incubators and venture capital firms, who especially focus on startups in nascent and strategic industries such as Advanced Manufacturing & Engineering (AME), Health & Biomedical Sciences (HBMS), and Urban Sustainability & Solutions (USS).
Investments in these domains amounting to S$416.4 million across 76 deals from January to September 2019, up from S$333.8 million over the same period last year (+25%). Overall, a total amount of S$13.4 billion (+36%) was invested in startups across 437 deals from January to September 2019;
Due to lack of suitable expertise to back deep tech startups, investments in domains such as Advanced Manufacturing, Urban Solutions and Sustainability, and Healthcare and Biomedical Sciences made up only less than 4% of the total capital invested. However, this domain is rapidly growing in traction due to an ageing and wealthier population creating a growing demand for new and innovative solutions.