20241029 AM Singapore 'deep tech' img

From chipmaking to robotics, growing more cutting-edge ventures is becoming a national priority in Singapore. (Nikkei illustration)

Singapore's quiet rise in the global 'deep tech' race

U.S.-China rivalry spurs investment in Asia's top startup ecosystem

SINGAPORE -- Under a clear blue sky on Oct. 1, a city in China's northeastern municipality of Tianjin launched its first driverless public bus service. Spanning 20 kilometers, the daily network connects 10 stops across residential areas, schools, government offices and tourist attractions.

The vehicles, however, were not developed by a domestic company but by a little-known startup from Singapore called Moovita. A spinoff from the government's high-profile Agency for Science, Technology and Research (A*STAR), it is the first foreign autonomous vehicle (AV) provider to be licensed in China.

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