New $1 Billion Singapore Fund for Commercialization and Expansion
In a recent article by Claire Huang, The Business Times has announced a $1 billion fund in Singapore designed to help a number of small to medium sized enterprises (SMEs) with strong intellectual property portfolios to “go global.” The fund is a collaboration between the government of Singapore and the private equity firm Makara Capital. The article notes:
Makara's managing director Ali Ijaz Ahmad listed five areas of focus for the fund:
- Urban solutions including logistics and security;
- Fintech;
- Alternative energy;
- Advanced tech such as artificial intelligence and cyber-security; and
- Healthcare and bio-medicine.
The companies will be selected based on criteria such as having a defensible IP, strong managerial talent and pan-Asian growth potential. They will be able to tap into Ipos's expertise and networks and Makara's commercially-driven approach to turn their innovations into assets and revenue through Singapore.
The article is available, here.
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