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NRF to put up S$85m VC funds jointly with CapitaLand, DeClout, Wilmar, YCH

Combination of startup and resourceful corporate seen as powerful formula to create value and jobs

Published Tue, May 17, 2016 · 09:50 PM

Singapore

LARGE local enterprises (LLEs) are waking up to the idea of startup energy. CapitaLand, DeClout, Wilmar and YCH said on Tuesday they will partner the National Research Foundation (NRF) to jointly invest up to S$85 million in Singapore-based tech startups.

While it will be a challenge to bridge the two cultures, the combination of an innovative startup and a resourceful corporate will be powerful, and will create good jobs and value for the economy, observers said.

NRF will commit S$40 million in v…