EDBI, SEEDS Capital to disburse SG govt's $201m startup support package

Singapore. Photo by Andrew Kow on Unsplash

EDBI, the corporate investment arm of the Singapore Economic Development Board, and SEEDS Capital, the investment arm of Enterprise Singapore, will disburse the government’s S$285 million ($201 million) support package for local startups.

The two government-backed entities will set up a special fund, dubbed the Special Situation Fund for Startups (SSFS), to invest in select startups with private co-investors on a 1:1 basis, according to a statement.

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