The corporate is one of nine co-investment partners rounded up by Spring Seeds Capital for a scheme that will operate over the next eight years.
Industrial equipment maker Armstrong Industrial Corporation is one of nine partners that have joined Spring Seeds Capital (SSC), the venture capital branch of government agency Spring Singapore, for a S$200m ($150m) co-investment scheme.
Spring Singapore put up S$100m of capital for the initiative, which will provide funding for startups over an eight-year period, in July 2017. The co-investors will jointly match that figure with their own funds.
The partnership will look to invest in advanced manufacturing and engineering, health and…
