The Business Times
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More corporates turning to venture builders for help with expansion

Some say current environment is good opportunity for new ventures as talent is cheaper

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Benjamin Cher

Benjamin Cher

Published Fri, Jan 6, 2023 · 05:50 AM
    • Venture studios have built some notable companies such as payment startup Ovo, which as since achieved unicorn status.
    • Venture studios have built some notable companies such as payment startup Ovo, which as since achieved unicorn status. PHOTO: LINDA YULISMAN, ST

    COMPANIES are turning to venture builders to help them diversify their operations and stay relevant, as corporate lifespans are shortened by technological disruptions and the entry of well-funded and nimble startups.

    The ability to remake itself has always been essential to a company’s survival.

    Take, for instance, conglomerate Sembcorp Industries, which was formed in 1998 from the merger of Sembawang Corp and Singapore Technologies Industrial Corp.

    Corporate venture

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