Anthill Ventures is partnering Enterprise Singapore to invest in healthtech, mediatech and urbantech startups based in the city-state while Singapore plans to open an agri-food innovation park.
Anthill Ventures partners Enterprise Singapore
India-based venture capital firm Anthill Ventures is partnering Enterprise Singapore to invest in healthtech, mediatech and urbantech startups based in the city-state.
According to a statement, this partnership will be under Enterprise Singapore’s six-month-long Start SG Accelerator Programme, which will target nine startups looking to scale in India and Southeast Asia.
Eligible startups may receive up to $1 million in funding, digital infrastructure support of up to $500,000 and raise capital of up to $20 million from Anthill’s co-investment syndication platform.
Anthill is also launching a separate “Speed Scaling Programme” to mentor and nurture deep tech startups seeking to enter India and Southeast Asia.
These deep tech startups will be mentored on business model refinement, pricing, go-to-market and sales distribution strategies.
Singapore to open agri-food innovation park in 2021
Singapore plans to open an agri-food innovation park in Sungei Kadut to strengthen its leadership in urban agriculture and aqua-technology.
According to a Straits Times report, the Singapore government will work with local and overseas industry players to build the first phase of the facility. The site will cover 18 hectares, comprising high-tech farming and R&D facilities, indoor plant factories, insect farms and animal feed production facilities. The facility will be ready in phases beginning in Q2 2021.