2022 in review
2022 saw investors exercising greater caution and slowing the pace of investments, with macroeconomic headwinds from an inflationary environment, geopolitical tensions and economic uncertainty fuelling persistent market downturn. EDBI was no exception but we took this opportunity to build on our thought leadership position and network in the region, concentrating on value creation efforts to help our portfolio companies scale and connect with potential partners.
In 2023, we see investors continuing to value a clear path to profitability while assessing startups, with the markets favouring good cash management and longer runways. We will continue focusing on companies with strong fundamentals while being on the lookout for future leaders with disruptive technologies that help build Singapore’s capabilities.
EDBI would also like to take this opportunity to thank all our stakeholders and partners for the dedicated strong support in 2022; our achievements would not have been possible without you!