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Tech@SG scheme: VC funding of over US$10m required

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Janice Heng

Janice Heng

Published Mon, Sep 2, 2019 · 09:50 PM

    Singapore

    THE upcoming Tech@SG scheme for fast-growth tech firms, which will facilitate the entry of foreign "core team members", will require firms to have secured more than US$10 million in venture capital (VC) funding cumulatively and have received funding from a programme-recognised VC in the past 36 months.

    In Parliament on Monday, Minister for Trade and Industry Chan Chun Sing said: "This will ensure the companies would have sufficient resources and readiness to internationalise and compete."

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