Singapore may not yet have its own Elon Musk or JeffBezos, but there are more than 30 companies employing 1,000 people in the space industry, according to the Economic Development Board (EDB). Of these, at least 10 startups have been formed in the past five years. These startups are engaged in innovative space technologies such as small satellite thruster systems and space-based laser communications, said Lim Tse Yong, EDB’s director of capital goods. More than five foreign space companies have established their presence in Singapore over the past five years.
One homegrown contender which was spun off from NUS is SpeQtral. The startup is commercialising space-based quantum communication technologies that will reportedly expose any attempt to eavesdrop, providing a safer way to transmit information.
“SpeQtral is a spin-out from CQT based on research and systems developed over the last couple of decades. We decided the time was right to commercialize the technology because it has been proven on orbit, including the recent SpooQy-1 3U cubesat launched earlier this year,” said Chune Yang Lum, founder and CEO of SpeQtral. PKE, which is currently being used by networks for data and communications transfer, can be easily cracked compared to QKD, Lum added.
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Denne historien er fra January-March 2020-utgaven av Singapore Business Review.
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How TikTok powers cross-border shopping for Singapore retailers
The yellow basket feature allows viewers to purchase items directly during livestreams.
Income Insurance seeks to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
IHH's proton therapy takes aim at tumours with precision and low risk
Leaving surrounding organs at risk during cancer treatment might become a thing of the past.
SingPost pivots from mail to logistics as e-commerce demand drives growth
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
Singapore needs SEA neighbours to power renewable energy transition
Experts favour Malaysia and Indonesia as renewable energy import sources.
Singapore's architecture blueprint spurs push to tackle brain drain in other sectors
Paying the country's architects just right will hopefully stop the brain drain.
Millionaires eye a piece of Singapore's rich colonial era
The country's remaining 6,500 shophouses are in high demand amongst the ultra-rich.
HDB resale portal unlikely to cut out property agents
The portal enables sellers to list their units themselves.
Factory and retail spaces shine as housing heads for worst market slump in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.
