In a recent article by Claire Huang, The Business Times has announced a $1
billion fund in Singapore designed to help a number of small to medium sized enterprises
(SMEs) with strong intellectual property portfolios to “go global.” The fund is a collaboration between the government
of Singapore and the private equity firm Makara Capital. The article notes:
Makara's managing
director Ali Ijaz Ahmad listed five areas of focus for the fund:
- Urban solutions including logistics and security;
- Fintech;
- Alternative energy;
- Advanced tech such as artificial intelligence and cyber-security; and
- Healthcare and bio-medicine.
The companies will
be selected based on criteria such as having a defensible IP, strong managerial
talent and pan-Asian growth potential. They will be able to tap into Ipos's
expertise and networks and Makara's commercially-driven approach to turn their
innovations into assets and revenue through Singapore.
The article is available, here.
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