Kuok Singapore and Schulte Group are among six companies pumping SGD 50m ($35.8m) into maritime start-ups as part of a new effort in Singapore.
SEEDS Capital, the investment arm of Enterprise Singapore (ESG), is leading an initiative that will reportedly benefit more than 50 domestic start-ups, the Maritime and Port Authority of Singapore (MPA) said.
In addition to Bernhard Schulte corporate venture capital unit Innoport and Kuok Singapore’s KSL Maritime Ventures, the other firms in the effort are PSA unboXed, Rainmaking, ShipsFocus-Quest Ventures and TecPier.
