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SEEDS Capital calls for partners to invest in Singapore-based startups

SEEDS Capital, the investment arm of Enterprise Singapore, is launching a call for partnership for new private sector partners to co-invest in Singapore-based startups under the Startup SG Equity scheme.

SEEDS Capital aims to appoint between 10 to 15 partners and catalyse up to S$150 million of investments into early-stage, deep tech startups in the next five to eight years.

The call for partnership will focus on broadening, diversifying and refreshing SEEDS Capital’s current pool of 30 active co investment partners in three deep tech sectors: Advanced Manufacturing & Engineering; Health & Biomedical Sciences; Urban Solutions & Sustainability.

These sectors are in line with Singapore’s Research, Innovation and Enterprise 2020 (RIE2020) Technology Domains, which aim to increase Singapore’s research capabilities, as well as to support economic growth in key focus areas such as digital health, agri-food tech, urban mobility and logistics & supply chain that have emerged due to COVID-19.

Said Mr Ted Tan, Chairman of SEEDS Capital and Enterprise Singapore’s Deputy Chief Executive Officer, “Our industries are pressing ahead with digitalisation and innovation efforts, not just to overcome the impacts of COVID-19, but to pave the way for a new Startup SG Equity catalyses private-sector investment for startups through government equity coinvestment. Please refer to www.startupsg.net for more details economy. Through the co-investments with these private sector partners, we hope to provide the appropriate guidance and resources that will enable deep tech startups to succeed in developing new and disruptive technologies that can help our enterprises
emerge stronger.”

SEEDS Capital is seeking partners who can:

a. Identify and co-invest in Singapore-based, early-stage deep tech startups in the Advanced Manufacturing & Engineering, Health & Biomedical Sciences, and Urban Solutions & Sustainability sectors

b. Provide hands-on assistance in helping these early-stage deep tech startups fasttrack commercialisation and connect them to potential clients globally.

The call for partnership will open on 7 December 2020 and close on 17 January 2021. Local and foreign parties with presence in Singapore are welcome to apply. For more information on the pplication criteria, please visit http://startupsg.gov.sg/programmes/4895/startup-sg-equity

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