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
For more stories, analysis and infographics on Singapore Budget 2015, head to btd.sg/budget_15
Here are some quick comments to Singapore Budget 2015 by Eric Tham, Managing Director and Head, Group Commercial Banking, United Overseas Bank:
"The government's plan to introduce a venture debt risk-sharing programme is a forward-thinking move. It sets the stage for Singapore to become an international hub for high-tech ventures."
"Venture debt is one of the ways start-ups can diversify their financing options. It is suitable for companies that can provide their financiers and investors with opportunities to realise their investments, be it through an initial public offering, trade sale or redemption, within a specified time frame. When assessing these start-ups, the key things we look for are management quality and credibility, business plans, and financial projections."
"With hi-tech SMEs, we see a lot of potential in Asian companies, especially from China, India and Singapore. Hi-tech SMEs from these countries are believed to hold the most potential for venture debt in Asia with a potential market size of US$2.2 billion in the next five years."
READ MORE: Singapore Budget 2015: Key policy measures