EDBI announces changes to management that will take effect from 1 February 2023.
2020 was a watershed year for Southeast Asia’s automotive sales. During the pandemic, more people considered buying personal vehicles as a safer option to get around. Concurrently, more consumers were interested in purchasing used vehicles as value-for-money options and doing so through online platforms.
The Startup SG Equity (SSG-E) scheme aims to stimulate private sector investments into innovative and commercially viable Singapore-based technology startups with global market potential. The scheme was enhanced in 2020 to catalyze more private sector investments into Singapore-based Deep Technology startups, and introduced a fund-of-funds modality to attract global venture capital funds with experience in Deep Technology investments.