Brief, Buzz, funding, intellectual property, investment, makara capital partners, makara innovation fund, News, Singapore, Startups, startups in singapore

Brief: Singapore sets up new S$1b fund to commercialize promising tech


Photo credit: krunja / 123RF.

  • Singapore’s Intellectual Property Office (IPOS) and private equity firm Makara Capital Partners are setting up the Makara Innovation Fund, a S$1 billion (US$718 million) investment vehicle for companies with “globally competitive technologies.”
  • The fund will invest between US$21.5 million and US$108 million in 10 or 15 startups in the next eight years.
  • The initiative makes IPOS into a vehicle for commercializing Singapore’s intellectual property, a key mandate of the Committee on the Future Economy report and Singapore’s 2017 budget.
  • Investors in Singapore have stressed the need for commercializing research and innovative technology to drive economic growth for the island nation.

Source: Bloomberg

This post Brief: Singapore sets up new S$1b fund to commercialize promising tech appeared first on Tech in Asia.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

20 + six =

This site uses Akismet to reduce spam. Learn how your comment data is processed.