Entrepreneurs, venture capitalists hail venture debt initiative

Singapore

INVESTMENTS in the Singapore startup ecosystem proposed for Budget 2015 were welcomed by entrepreneurs and venture capitalists (VCs) here, even as concerns over their limitation in scope and challenges in implementation lingered.

The new venture debt programme - where the government will provide 50 per cent risk-sharing with banks to fund companies with "minimal collateral" - was one of the more monumental initiatives unveiled on Monday, according to those BT spoke to.