TRIVE Ventures launches US$2M venture philanthropy fund to support cash-strapped founders in Singapore

[From e27] TRIVE Ventures, a Singapore-based early-stage VC firm investing in data-driven tech startups in Southeast Asia, announced today it has partnered with an undisclosed family foundation to co-launch a US$2 million venture philanthropy fund. Termed ‘Tenacious Founders Venture Philanthropy Fund‘, it aims to seek out Singapore-based entrepreneurs who have Read more…

Singapore’s entrepreneurs have often had to overcome family pressure — but that may be slowly changing

[First appeared on CNBC] KEY POINTS Given the “bleak job market outlook,” some parents in Singapore appear more willing to allow their children to start their own businesses, said venture capitalist Christopher Quek. For its part, the Singapore government has been offering support for start-ups, including help in areas such as Read more…

Govt’s S$300 million injection into deep-tech scheme will benefit Singapore. But some concerns remain

[First appeared on Today Online] – Among the many announcements in Budget 2020, one which slipped under the radar was the S$300 million injection by the Government into Startup SG Equity for deep-technology startups. Under the scheme, the Government will co-invest up to S$4 million with qualified third-party investors into eligible Read more…