S$285m support for startups: Will vetting be stringent enough?
Aim is to preserve Singapore innovation ecosystem as VCs start conserving cash
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Claudia Chong
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Singapore
THE government's additional S$285 million startup support measure announced on Tuesday has its merits, but extra care must be taken to make sure that only the most deserving startups get funded.
A poorly executed scheme could lead to weak companies having their lives prolonged. This defeats the benefit of a correction in Singapore's startup ecosystem kickstarted by the Covid-19 crisis.
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