More working spaces for start-ups in Singapore to be built
JTC Corporation will be creating more space to groom Singapore's start-up companies under its LaunchPad initiative. It will add three new blocks of buildings in one-north to house 250 start-ups.
SINGAPORE: Industrial estate manager JTC Corporation will be creating more space to groom Singapore's start-up companies under its LaunchPad initiative. Three new blocks of buildings will be built in one-north to house 250 start-ups.
This adds 12,000 square metres of space to three existing start-up blocks, which were officially launched by Prime Minister Lee Hsien Loong on Friday (Jan 23).
The next 'LaunchPad' will be in the vicinity of JTC's CleanTech Park, next to the Nanyang Technological University.
The idea is to promote collaboration between start-ups and varsity research experts.
Commenting on the 'LaunchPad' initiative, Mr Lee said the Government is trying to help entrepreneurs have a hassle-free and easier time starting businesses. He said start-up friendly environments facilitate connections between like-minded individuals and companies.
Mr Lee said entrepreneurs keep the economy productive and vibrant by providing jobs and opportunities, and described 'LaunchPad's' opening as 'another major milestone' for the local start-up scene.
90 per cent of the three existing 'LaunchPad' blocks have been taken up by startups, incubators and Venture Capitalists. By 2017, 'LaunchPad' will be able to house up to 750 start-ups.
- CNA/dl
- wong chee tat ):
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