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Singapore pumps in another S$40 million into the startup ecosystem

Nurdianah Md Nur | May 17, 2016
Four large local enterprises were each awarded S$10 million by NRF to invest in local tech startups.

"The time is right for us to catalyse the startup space... [and] ESVFIII seeks to do this by linking LLEs with technology startups so that both can benefit from each other's capabilities. We are confident that the strengthening of such linkages will create value for our economy and more good jobs and opportunities for Singaporeans," said Professor Low Teck Seng, CEO of NRF.


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