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The National Research Foundation (NRF) will invest an additional S$120 million for early stage investment in Singapore-based high-tech start-ups.
The announcement was made as the foundation selects the second batch of venture funds under its Early Stage Venture Fund (ESVF) scheme1.
The six selected venture capital funds are: Jungle Ventures, Golden Gate Ventures, SBI Ven Capital, Walden International, New Asia Investments and Monk's Hill Ventures. In this tranche, NRF will invest...