SINGAPORE: The Singapore government has opened up its US$200 million investment fund to tech startups with the opening of an office on Silicon Valley.
The Infocomm Development Authority’s investment arm, Infocomm Investments, has set up shop in San Francisco to attract US startups to Singapore.
US entrepreneurs can “use Singapore as their Living Lab” to pilot their solution, said Steve Leonard, Executive Deputy Chairman of IDA. This is part of Singapore’s Smart Nation drive to address public needs with technology.
“Startups can deliver healthcare at homes using Internet of Things, where household devices can communicate with each other over the internet,” Leonard said.
Singapore’s public agency Housing Development Board has announced plans to pilot the use of sensors at homes to support the elderly…