You are here

ST Engineering sets up US$150m corporate venture capital unit

It is also opening a lab to offer startups the opportunity to see their ideas go to market

BT_20170726_LMXST26_3001612.jpg
"We are not looking for one-hit wonders but breakthrough innovations that will either strengthen our current portfolio of businesses or generate new lines of businesses." - Mr Chong

Singapore

ST ENGINEERING has set up a corporate venture capital unit to invest in promising technology startups and early-stage companies.

Announcing this on Tuesday, it said that it has set aside US$150 million in its coffers through ST Engineering Ventures, which will scout for

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom