DeClout's unit launches incubator arm to groom local ICT startups

CATALIST-LISTED DeClout Limited's subsidiary DeClout Investments has launched an incubator arm to groom high-growth local startups from the information and communication technology (ICT) sectors, it said in a Singapore Exchange filing on Monday.

Under the programme, it will mentor early-stage startups and help them in product development, proof-of-concept, commercialisation and subsequent fundraising.

It will be engaging startups in fintech, cybersecurity, data analytics and smart logistics as these areas are key ICT market niches with potential for disruptive innovation, it said.

DeClout will be supported under SPRING Singapore's Startup SG Accelerator scheme.