Investment firm Temasek Holdings is looking to spur local innovation and is backing it up with some serious cash. The Singaporean investment company plans to inject S$1 billion a year into deep technology sectors such as advanced manufacturing, disruptive materials, and life sciences, to name a few. These investments will strengthen Singapore’s position in the global technology supply chain and help it to stay competitive. Temasek International’s deputy CEO Chia Song Hwee has clarified that this amount is an annual allocation that seeks to spur innovation. Previously, the company had made direct investments into deep-tech firms in areas such as energy, food, water, and urban development. A quick check at Temasek’s website shows that the investment firm has around 21% of its portfolio value of US$381 billion invested in technology, telecommunications and media businesses as of 31 March 2021. Among its shareholders are companies such as Airbnb Inc (NASDAQ: ABNB), Roblox...