When London-headquartered Entrepreneur First (EF) wanted to expand its talent-building programme, which matches potential founders with the goal of creating deep tech startups, it picked Singapore.
Today, 10-year-old EF is present in three continents. Its latest US$140 million fund is backed by investors such as Taavet Hinrikus, founder of US$5 billion-valued fintech TransferWise, and EF alumni Rob Bishop, co-founder of artificial intelligence (AI) startup Magic Pony Technology.
Already, a number of EF’s earliest creations in Singapore are shaping Southeast Asia’s nascent deep tech ecosystem. Startups like Transcelestial, which uses lasers and satellites to deliver internet access, and Hertzwell, which is looking to improve radar resolution for autonomous vehicles, emerged from the programme.