Quicker cut-off will surface better startups

Singapore

A SHORT three-month time frame for the new venture building track under the Startup SG Founder programme is a vital key in helping stakeholders separate promising startups from the rest, said observers.

On Thursday, Minister for Trade and Industry Chan Chun Sing said that Enterprise Singapore (ESG) will be setting up a three-month venture building programme - with Singapore's five autonomous universities selected as its first partners - to help entrepreneurs form co-founding teams, identify business ideas, develop ideas into products or solutions, validate them with the market and find capital.