Customisable forms make it cheaper, easier for VCs, SMEs to draft business deals

Singapore

THE Venture Capital Investment Model Agreements (VIMA) comprises a set of standardised documents that makes the process of structuring a deal faster and more cost-efficient for venture capital firms, startups and SMEs. The initiative was launched late last year by the Singapore Academy of Law (SAL) and the Singapore Venture Capital & Private Equity Association (SVCA).

WongPartnership, which formed part of the core working group for the initiative, has now developed an automated version of some of these VIMA documents which can be customised faster, saving time and effort.