SG Budget adds $215.5m more to co-invest in deep-tech startups

SG Budget adds $215.5m more to co-invest in deep-tech startups

A bitcoin is placed in front of the flag of Singapore. Photo: Pixabay

The Singapore government will set aside an additional S$300 million to co-invest in deep-tech startups, Deputy Prime Minister and Finance Minister Heng Swee Keat said on Tuesday.

Unveiling his budget plan for 2020, Heng also announced financing support, tax relief and wage subsidies as part of S$4 billion of measures to help businesses and workers cope with the impact of the COVID-19 novel coronavirus outbreak.

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