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National Research Foundation launches S$40 million fund to nurture local tech start-ups

Zafirah Salim | Sept. 23, 2015
Called the third Early Stage Venture Fund (ESVFIII), it will help catalyse the growth of high-tech innovative companies through government co-investments with large local enterprises from the private sector.

"For innovation to occur, there has to be a highly networked ecosystem. There must be continuous interactions across different actors to share knowledge and push back boundaries. It is not just the stock of ideas that matters but how knowledge is distributed throughout the economy. This requires dynamic links across firms, research performers, intermediary institutions and the public sector," said Dr Balakrishnan. "By catalysing more innovative companies and strengthening our innovation ecosystem, we can help companies deliver more value and support Singapore's transition to an innovation-driven economy."

 

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