SEEDS Capital, the investment arm of Enterprise Singapore (ESG), is launching a Call-For-Partnership (CFP) for new private sector partners to co-invest in startups based in Singapore under the Startup SG Equity scheme.
Under the scheme, Seeds Capital aims to appoint around 10 to 15 partners and catalyse up to $150 million of investments into early-stage, deep tech startups in the next five to eight years.
The partnership will focus on broadening, diversifying and refreshing SEEDS Capital’s current pool of 30 active co-investment parts in three deep tech sectors.
The sectors – Advanced Manufacturing & Engineering, Health & Biomedical Sciences and Urban Solutions & Sustainability – are in line with Singapore’s Research, Innovation and Enterprise 2020 (RIE2020) Technology Domains, which aim to increase Singapore’s research capabilities.
“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 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,” says Ted Tan, chairman of SEEDS Capital and ESG’s deputy CEO.
SEEDS Capital is currently seeking partners who can 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. The partners should also be able to provide hands-on assistance in connecting these startups to potential clients globally and achieve commercialisation quickly.
