11 Apr '13, 9am

Singapore govt grants 15 tech startups $5M in funds

Government agency Spring Singapore has awarded grants worth a total of S$6 million (US$4.8 million) to 15 tech startups under its Technology Enterprise Commercialization Scheme (TECS). In a statement released Thursday , Spring Singapore said the 15 companies spanned various industries from infocommunications, electronics, engineering, medical devices, and water and environment. The grants were for approved proof-of-concept and proof-of-value submissions, the statutory board for enterprise development added. TECS, which focuses on bringing potentially disruptive technologies to the market , was launched in 2008. It has since supported over 150 projects totaling more than S$50 million (US$40.4 million), the agency noted. "The TECS provides funding during the critical, pre-market stages to bridge the gap between an innovative technology idea and the market." - Chew Mok Lee, a...

Full article: http://www.zdnet.com/sg/singapore-govt-grants-15-tech-sta...

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