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NRF to put up S$85m VC funds jointly with CapitaLand, DeClout, Wilmar, YCH

Combination of startup and resourceful corporate seen as powerful formula to create value and jobs

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Dr Balakrishnan, minister-in- charge of the Smart Nation Initiative, reiterated the role of government at the conference.

Singapore

LARGE local enterprises (LLEs) are waking up to the idea of startup energy. CapitaLand, DeClout, Wilmar and YCH said on Tuesday they will partner the National Research Foundation (NRF) to jointly invest up to S$85 million in Singapore-based tech startups.

While it will be