To date, some 60 local companies have received investment from this pool, plus another $2 billion in private capital that have co-invested in these same companies, says deputy prime minister Lawrence Wong.
The government has committed around $1 billion of investments via Heliconia Capital to help promising local SMEs to grow and be globally competitive, as part of a range of funding and capital available.
One way the government has been doing so is via Heliconia Capital, an asset management firm that is a subsidiary of Temasek Holdings.
