The corporate venture capital conundrum in Singapore
Singapore
IT was with much aplomb back in 2016 when the Singapore government announced the third instalment of the Early Stage Venture Fund (ESVFIII) programme, targeted at encouraging local enterprises to set up their own corporate venture capital funds (CVCs).
CapitaLand (now known as CapitaLand Investment), agriculture player Wilmar, digital business builder Declout and logistics player YCH Group jumped right in.
TRENDING NOW
Why China is tightening controls on overseas stock trading
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
‘Whole deck of cards just toppled’: FoodXervices’ Nichol Ng on how a 92-year-old family business unravelled – and what’s next