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Innovative start-ups can tap $285m fund

Jun 07, 2020 | 🚀 Fathership
The Special Situation Fund for Start-ups will be administered by EDBI, the corporate investment arm of the Economic Development Board, and Seeds Capital, the investment arm of Enterprise Singapore, they said in a joint statement last Friday.

The SSFS will support early-to late-stage innovative start-ups, though EDBI will focus on late-stage start-ups with larger funding needs and a wider employment base, while Seeds Capital will focus on the early-stage ones.

BRIDGING THE FINANCING GAP. SSFS will allow Singapore to build on the momentum of our thriving start-up innovation ecosystem.

MS CHU SWEE YEOK, president and chief executive officer of EDBI, referring to the Special Situation Fund for Start-ups.

"SSFS will allow Singapore to build on the momentum of our thriving start-up innovation ecosystem. We look forward to working with partner funds to support technology start-ups so that they can continue to execute their growth plans to build strategic capabilities in Singapore, and continue with their innovation activities and expansion plans to capture new market opportunities," she said.