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EDB to back corporate ventures with strategy, networking, capital

Its New Ventures arm wants Singapore to be destination for large corporates to create new ventures

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Janice Heng

Janice Heng

Published Thu, Feb 14, 2019 · 09:50 PM

    Singapore

    LARGE corporates looking to start new enterprises can get strategic advice, networking help and even risk-sharing investment from the New Ventures arm of the Singapore Economic Development Board (EDB).

    EDB assistant managing director Beh Kian Teik, who oversees this arm, said: "We want to make Singapore a place where large corporates come to create new ventures."

    Innovation

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