Entrepreneurs, venture capitalists hail venture debt initiative
But a key challenge lies in having enough banking partners take part in the risk-sharing programme
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
