The Business Times
business-time-50

More corporates turning to venture builders for help with expansion

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

google-preferred-sourceAdd BT as a preferred source
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

    TRENDING NOW

    The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

    ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet

    StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

    Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts

    Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

    Sats slides 13.6% as investors dump shares on profit-margin squeeze

    Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

    When every phone becomes a satellite phone, what happens to Asia’s telcos?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More