Early Stage Venture Funds Get Boost From NRF
The National Research Foundation (NRF) – part of the Prime Minister’s Office – announced this week that it would be distributing some $60 million worth of venture funding to six companies under its Early Stage Venture Funding scheme.
The NRF expects the funds to go towards early-stage investments to cultivate a culture of early venture funding. The six companies selected by the NRF will match the funding dollar-for-dollar and have begun to hunt for worthy startups to invest in. They are: BioVeda Capital II, Nanostart Asia, Raffles Venture Partners, Tamarix Capital, Upstream-Expara and Walden International.
Daniel Goh is the founder and chief editor of Young | Upstarts, as well as an F&B entrepreneur. Daniel has a background in public relations, and is interested in issues in entrepreneurship, small business, marketing, public relations and the online space. He can be reached at daniel [at] youngupstarts [dot] com.