DPM Tharman launches Entrepreneur First Singapore to develop tech start-ups

DPM Tharman launches Entrepreneur First Singapore to develop tech start-ups

SINGAPORE - It matters what the most ambitious and technically talented choose to do with their careers.

That was the message from Singapore's Infocomm Investments and UK-based Entrepreneur First (EF), Europe's leading talent investor, who announced a partnership to set up EF's first-ever international office in Singapore in a statement today.

Infocomm Investments builds and invests in Singapore and global infocomm technology start-ups, while EF helps technical talent build tech start-ups in London by having them work with a group of highly experienced venture partners to build their start-ups and prepare for investments. 

Announced in London by Deputy Prime Minister (DPM) and Coordinating Minister for Economic and Social Policies, Tharman Shanmugaratnam, this partnership is in line with the DPM's call for Singapore's economy to shift its focus to value creation and innovation-driven enterprises.

DPM Tharman said: "EF's new presence in Singapore will help catalyse technology innovation to take advantage of these opportunities."

Indeed, since 2013, EF has built 50 start-ups which are now worth more than US$250 million (S$359 million).

Mr Tharman further added that "the possibilities are in many areas such as healthcare, the digital economy and solutions for urban sustainability".

Applications for EF Singapore's pioneer cohort open today (Jan 19).

For more information and to apply to join the Singapore programme, visit www.entrepreneurfirst.sg

prabukm@sph.com.sg

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