Four Singapore-based companies – real estate company CapitaLand, data centre provider DeClout, agribusiness Wilmar and logistics provider YCH Group – have been awarded S$40m ($29.2m) to back local startups, Tech in Asia reported yesterday.
The money came from National Research Foundation (NRF), a Singaporean government department that supports domestic R&D activities, and is split equally across the four corporates, meaning NRF will match up to $7.3m of their investments in local technology startups.
The deal marks the first time that…
