Launched by EDB New Ventures — the corporate venture building arm of Singapore’s Economic Development Board — the programme will support companies new to CVC so they can stave off competition and disruption with innovative
products, services and business models.
Corporate venture capital (CVC) has become a buzzword of sorts as more companies look towards entrepreneurship and investment as a gateway to grow their business during the pandemic.
Singapore for one is promoting such activities through a $10 million pilot programme that support large and established companies in building ventures in new growth areas beyond their existing core business.
