EDB commits US$25M to drive corporate-startup collaborations in Singapore

Quick Summary:

The Singapore Economic Development Board (EDB) has earmarked S$32 million (US$25 million) in fresh funds to drive its corporate venture initiative, Corporate Venture Launchpad (CVL), over the next two years.

The initiative, now in its third edition (CVL 3.0), aims to facilitate corporate firms’ partnerships with startups.

These ventures are headquartered in Singapore, target regional markets, and create job opportunities here.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: Singapore

Topics: EDB News Singapore Economic Development Board Investments Startups

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-29 @ 05:48:59 (5 days ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 23 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 22336646

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

Update Frequency: 3 posts per day

Year Established: 2006

Headquarters: Singapore

News Last Updated: 8 hours ago

Coverage Areas: Singapore

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Publisher ID: #10

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