Singapore, a key financial hub in Asia, is set to play a crucial role in fostering a green tech startup ecosystem across Southeast Asia, according to Indonesia's early-stage investment platform ANGIN.
With its concentration of venture capital firms, Singapore is well-positioned to provide funding, mentorship, and networking opportunities to green tech startups in the region. Collaboration between the Singapore government and other stakeholders can further create a supportive environment for sustainable investments.
An example of such support is the funding from Singapore-based Vertex Ventures Southeast Asia and India (VVSEAI) to Indonesia's Fairatmos, a carbon tech platform focused on climate solutions. Jakarta-based ANGIN is also a key backer of Fairatmos, particularly for its product Atmoswatch.
ANGIN sees this collaborative approach as a model for Singapore, showcasing how strategic alliances can drive effective climate action. This framework sets the stage for more green tech startups to seek support from Singapore's investment platforms and venture capital firms.
Article from Singapore Business Review. Read more here or in the PDF below.
Comments