26 September, 2017
On 14 July 2017, Spring Singapore's investment arm, Spring Seeds Capital ("SSC"), announced that up to S$100 million (about US$74 million) could be set aside for deep technology start-ups exploring advanced manufacturing and engineering, health and biomedical sciences, and urban solutions and sustainability. These sectors were selected due to their high growth potential and significant socio-economic impact.
SSC is looking for co-investors and will match capital injections into eligible businesses with proprietary technology or research. Under this plan, SSC will contribute 70% of the first $500,000 and 50% of any further funds, up to S$4 million.
This is twice the amount general tech start-ups are able to receive.
For more information, you can read the full article here.
For further information, please contact:
Andy Leck, Principal, Baker & McKenzie.Wong & Leow
andy.leck@bakermckenzie.com
