The aim is to facilitate better access to expertise and
growth capital.
Singapore Exchange separately signed two Memoranda of
Understanding with Crowdonomic Media Pte Ltd (Crowdo) and PwC’s Venture Hub, as
part of its drive towards supporting and facilitating capital access for the
startup and early stage small and medium Enterprises (SMEs) communities.
SGX head of capital market development Mohamed Nasser Ismail
said the exchange's established infrastructure and network can support and
improve access to capital for early-stage companies.
"We have been involved in the startup and early-stage
SMEs space starting from our partnership with CapBridge, as well as the
provision of depository services for FundedHere’s proprietary bonds platform.
Moving forward, we will continue to work with relevant like-minded stakeholders
to facilitate better access to expertise and growth capital for these
early-stage companies,” he said.
The areas of collaboration outlined by the MOU signed
between SGX and Crowdo include raising awareness amongst the SMEs and the
investing community about the various opportunities and channels available to
raise capital in Singapore; information sharing to create efficient access to
capital for SMEs; and mutually developing guidelines for the cross-referral of
potential clients.
Meanwhile, the collaboration between SGX and PwC involves
jointly promoting Singapore as an attractive ecosystem for startups, fast
growing innovative companies and the investing community; arranging regular
dialogues to further develop thought leadership within the startup community;
and raising awareness about the various opportunities and channels to grow in
the Asia Pacific region, using Singapore as a hub.
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