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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

Published Tue, Jul 25, 2017 · 09:50 PM

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 and invest in startups that are developing new technologies or creating innovative solutions complementary to the group's capabilities in higher growth areas such as robotics, autonomous technology, data analytics and cyber security.