Covid-19 turmoil creates fresh openings for new startups

Singapore

THE economic downturn can in fact be an opportunity for entrepreneurs to launch new ventures, startup veterans and investors tell The Business Times. While funding may be tougher to secure, new startups can capitalise on permanent disruptions created by Covid-19.

The founders of two Singapore startups that were set up around the 2008 Global Financial Crisis reckon that turbulence can actually help startups sharpen their business strategy.