Re: Singapore sets up $1 billion tech venture fund

SUBHAS ANUMOLU ([email protected])
Fri, 09 Apr 1999 13:13:32 -0400

We are interested in funding for a major technology transfers project
involving transfer of American technologies to India. The technology
transfers would be from across a broad spectrum of industries located
in the U.S. The listing of a few technologies identified by us may be
found in the segment, "American Technologies" of our web site at
www.indus.org

S.B.Anumolu
President
>
> Hi folks,
>
> While a country such as the U.S. has plenty of venture capital available and
> does not need government funds to promote entrepreneurship, countries such
> as India can learn from the Singapore government's VC initiative (see
> story). Even though the Indian government does not have similarly large (VC)
> funds, I hope the powers-that-be take a cue from this article, released by
> Reuters, a few hours ago.
>
> Singapore sets up $1 billion tech venture fund
> SINGAPORE, April 8, 1999 (Reuters) - Singapore was committing US$1 billion
> to a new venture capital fund to boost entrepreneurship in high technology
> industries, Deputy Prime Minister Tony Tan said on Thursday. ``To further
> develop the venture capital industry in Singapore, the government will
> establish a US$1 billion technopreneurship investment fund (TIF), to signal
> our commitment to technopreneurship development,'' Tan told a news
> conference.
> .......
> .......
>
> For those of you interested in the full story, it is available at
> http://www.mercurycenter.com/svtech/news/breaking/merc/docs/015519.htm
>
> Tushar J. Mehta
> email: [email protected]
> voicemail: (425)558-1101
>
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