S'pore-based startups gear up for China foray

Singapore

IN APRIL, up to 10 Singapore-based startups will start mapping out (some, in fact, would already have made) their foray into China, having qualified for VentureCraft, the S$4 million initiative launched early this year that helps startups expand into high- growth foreign markets.

VentureCraft marks the first scheme for Singapore-based startups incubated by the Singapore-MIT Alliance for Research and Technology (Smart) and other Singapore government agencies to conduct R&D and commercialisation in Hangzhou, China.