SUBSCRIBERS
With VCs turning cautious, government's extra S$285m to catalyse startup funding timely
Published Tue, May 26, 2020 · 09:50 PM
Singapore
THE government's decision to set aside S$285 million more to match private investments to promising startups will give the young companies a much-needed leg-up to tide them through the Covid-19 crisis, industry players said.
The risk-sharing move comes as venture capital (VC) firms turn more cautious amid the downturn, and startups run into difficulty accessing loans due to credit-assessment criteria set by banks.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Startups
High Court dismisses bid by co-founder and CTO to liquidate Cake Group
Semiconductor unicorn Silicon Box vows to avoid geopolitical mire
A cheat sheet of startup and tech M&As in South-east Asia
Zilingo ex-CEO’s criminal complaint is retaliation against whistleblowers: source
Gojek and ComfortDelGro Taxi to send untaken rides to each other’s platforms
SG fintech firm Bambu shuts down after missing profit targets, says founder