EDB to go into risk-sharing venture financing

Singapore

BEYOND its traditional task of attracting firms to set up here, the Singapore Economic Development Board (EDB) wants to help firms get involved in the start-up ecosystem - by supporting corporate venture capital.

"Risk-sharing financing" is one of the new areas that EDB managing director Chng Kai Fong is keen to explore in 2019, just over a year since he took on the role in October 2017.