EDB New Ventures

The Singapore Economic Development Board (EDB), a government agency under the Ministry of Trade and Industry, is responsible for strategies that enhance Singapore’s position as a global centre for business, innovation, and talent.

Our mission is to create sustainable economic growth, with vibrant business and good job opportunities for Singapore. 

At EDB New Ventures, we believe that corporates have advantages in creating new businesses - this is supported by a study by Bain & Company which found that large corporates have a 1-in-8 chance of creating a viable, large-scale new business, while start-ups only have a 1-in-500 chance of succeeding.