Singapore: ST Engineering launches $150m corporate venture capital unit

Bionix AFV manufactured by ST Kinetics, a unit of ST Engineering.

ST Engineering – an integrated defence and engineering group specialising in the aerospace, electronics, land systems and marine sectors – has launched a corporate venture capital unit with a corpus of $150 million to invest in promising technology startups and early-stage ventures. It has also launched an open innovation lab called Innosparks.

Portfolio firms of the corporate venturing arm will be able to access both funding and access to ST Engineering’s network and distribution channels. The conglomerate is also offering individuals and startup ventures the opportunity to see their ideas go to market through an Open Innovation Lab (Open Lab).

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