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S$285m support for startups: Will vetting be stringent enough?

Aim is to preserve Singapore innovation ecosystem as VCs start conserving cash

Claudia Chong

Published Wed, May 27, 2020 · 09:50 PM

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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